Aurubis says rolled-copper business sale to Wieland unlikely

German copper giant Aurubis’ proposed sale of its rolled-copper product business to counterpart Wieland-Werke may not proceed with the current terms following a preliminary assessment by European Commission (EC), the company said on Wednesday October 10.

The deal is unlikely to be settled with the proposed remedies, according to a statement. Meanwhile the EC has requested Wieland take further actions to dismiss competition concerns. But Wieland is not obliged to offer these further remedies under the agreed sales and purchase terms. “Therefore, in Aurubis’ view, at this stage,...

Published

Julian Luk

October 11, 2018

14:59 GMT

London