Aurubis finalizes the sale of four plants in its flat rolling division to KME (German)

its flat rolling division ^

DGAP-News: Aurubis AG / Keywords: Sale

Aurubis AG: Aurubis completes sale of four locations

Flat rolling department for KME

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08/01/2022 / 07:47

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Aurubis is completing the sale of four flat rolling locations to KME

Hamburg, August 1, 2022 – Multi-metal supplier Aurubis sells parts

its division of flat-rolled products (FRP) to KME SE. FROM

The sale was approved by the relevant regulators in May

with effect from July 29, 2022 (the so-called “Closing”).

This means that the location in Zutphen (The Netherlands) and the cutting center in

Birmingham (UK), Dolný Kubín (Slovakia) and Mortara (Italy)

a total of around 360 employees for KME SE. FRP operates in

Stolberg (Germany), Pori (Finland) and Buffalo (USA) remain as

announced in the Aurubis Group.

The purchase price is approximately EUR 12 million plus approximately EUR 63 million per Net

Closing working capital. Net working capital was about

Repayment of company loans to Aurubis of the same amount.

KME SE is an operating subsidiary of INTEK Group SpA and is owned by

with plants in Germany, France, Italy, China and the USA

leading manufacturers of copper and copper alloy products around the world.

Aurubis – Metals for progress

Aurubis AG is one of the world’s leading suppliers of non-ferrous metals

and one of the largest copper recycling companies in the world. Company processes

complex metal concentrates, organic and inorganic scrap,

Recycling of metal-bearing materials and industrial residues into metals

highest quality. Aurubis produces over 1 million tons per year

Copper cathodes and various products made of copper or copper alloys

such as wire rod, continuously cast fittings, profiles or flat-rolled products.

In addition, Aurubis produces many other metals such as precious metals, selenium,

lead, nickel, tin or zinc. The portfolio also includes other products

such as sulfuric acid or iron silicate.

Sustainability is an essential part of Aurubis’ strategy. Aurubis

responsibly creates value from raw materials ”- in line with this maxim

the company integrates sustainable activities and management in

Corporate culture. This includes careful handling of the natural

resources, responsible social and ecological activities

operations and growth at a reasonable and healthy pace.

Aurubis employs approximately 7,200 people it has

Production plants in Europe and the USA and expanded

Service and sales system in Europe, Asia and North America.

Aurubis shares belong to the Prime Standard segment of the German Stock Exchange

and is included in the MDAX, Global Challenges Index (GCX) and Stoxx Europe

600 on the list.

More information:

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08/01/2022 publication of a corporate news / financial announcement,

provided by DGAP – EQS Group AG service.

The issuer / publisher is responsible for the content of the application.

DGAP’s distribution services include statutory reporting requirements,

Corporate / financial news and press releases.

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Company: Aurubis AG

Hovestraße 50

20539 Hamburg


Telephone: +49 (0) 40/78 83 – 31 78

Fax: +49 (0) 40/78 83 – 31 30

E-mail: [email protected]


ISIN: DE0006766504

WKN: 676 650

Indices: MDAX

Exchanges: Regulated market in Frankfurt (Prime Standard),

Hamburg; Open market in Berlin, Dusseldorf, Munich,

Stuttgart, Tradegate

EQS message ID: 1409731

End of news DGAP news service

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1409731 01/08/2022


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