INTL COPPER CONF: Aurubis sees M&A opportunities overseas after 2018 deal spree – CEO

Europe’s largest copper smelter, Aurubis, is open to exploring merger and acquisition (M&A) opportunities outside of the continent while it looks to double down on processing and refining raw copper, chief executive officer Jürgen Schachler told Metal Bulletin in an interview.

“The whole world is becoming one region. Copper and its pre-products are travelling quite well so we are looking around the world, yes,” he said on the sidelines of the Metal Bulletin Copper conference in Madrid, Spain, on Wednesday March 7.

Aurubis will receive a cash injection if the expected sale of its flat rolled products division to Wieland Group gets regulatory approval. The company has this year already agreed to buy Codelco’s 40% share of its Deutsche Giessdraht wire rod joint venture....

Published

Archie Hunter

March 07, 2018

12:24 GMT

Madrid