After signing a term sheet, Aurubis AG has taken the next step and signed and notarised the agreement (SPA – sales and purchase agreement) for the partial sale of its flat-rolled products (FRP) segment with KME SE. According to the agreement, the Zutphen (Netherlands) site and the slitting centres in Birmingham (United Kingdom), Dolný Kubín (Slovakia), and Mortara (Italy), with a total of about 360 employees, will be sold. The FRP plants in Stolberg, Pori, and Buffalo will remain in the Aurubis Group.
KME SE is the operational subsidiary of INTEK Holding and one of the leading manufacturers of copper and copper alloy products worldwide, with plants in Germany, France, Italy, China, and the US.
The transaction is expected to be concluded in the summer of 2022, following approval by the national competition authorities.
wire / Hall 12 / C32
