Copper producer KME signs agreement to take over competitor MKM

Intek Group has announced that its copper producer subsidiary KME has reached an agreement to take over Germany’s Mansfelder Kupfer und Messing (MKM), another major participant in the European copper industry.

Italy-based copper group Intek released a statement on Friday July 6 announcing that its fully controlled subsidiary KME had reached an agreement for the acquisition of 100% of the indirect interest in metals processor MKM, subject to certain conditions, including merger control clearance from antitrust authorities.

“MKM is based in Hettstedt,...

Published

Myurun Waran

July 10, 2018

18:34 GMT

London