Aurubis AG/Metallo Group Holding NV (M.9409) [Archived]
Aurubis AG/Metallo Group Holding NV (M.9409) [Archived]

The following Competition practice note provides comprehensive and up to date legal information covering:

  • Aurubis AG/Metallo Group Holding NV (M.9409) [Archived]
  • Case facts
  • Timeline
  • Commentary


ARCHIVED–this archived case hub reflects the position at the date of the decision of 4 May 2020; it is no longer maintained.

See further, timeline and commentary.

Case facts

OutlineEuropean Commission merger investigation into the proposed acquisition by Aurubis AG of Metallo Group Holding NV (Case M.9409). The transaction involves horizontal overlaps in the markets for copper and copper scrap for refining.

Latest developmentsOn 4 May 2020, the Commission unconditionally cleared the transaction.

The Commission’s phase II deadline is 7 May 2020.

Parties Aurubis AG (Aurubis): Aurubis is based in Germany. It is a worldwide provider of non-ferrous metals and the largest integrated European copper producer. Aurubis processes copper concentrates and copper scrap and produces copper cathodes and by-products of the copper refining process. It also supplies copper shapes and semi-finished copper as well as copper alloy products such as flat rolled, bars, rods and wires.

Metallo Group Holding NV (Metallo): Metallo is based in Belgium. It is active in the recycling, processing and trading of non-ferrous metals. In particular, Metallo refines copper scrap to produce copper anodes, copper cathodes, tin, lead and other by-products of the refining process. It is owned by funds managed by TowerBrook Capital Partners, a leading transatlantic investment firm.

BackgroundOn 22 May 2019, Aurubis announced that it had signed a share purchase agreement to acquire

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