Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Aurubis    NDA   DE0006766504

AURUBIS

(NDA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Aurubis : EU launches probe into Aurubis acquisition of Metallo

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/19/2019 | 11:37am EST
FILE PHOTO: European Competition Commissioner Margrethe Vestager addresses a news conference on an antitrust case in Brussels

European Union antitrust regulators have opened an in-depth investigation into German copper giant Aurubis planned acquisition of Belgian-Spanish recycling firm Metallo Group, they said on Tuesday.

The commission will assess the merger between Europe's two leading copper scrap refiners "to ensure the transaction would not negatively affect competition in this important sector", EU competition commissioner Margrethe Vestager said.

Aurubis, Europe's biggest copper smelter, said in May it had agreed to buy Metallo for 380 million euros (£325 million) as part of an acquisition-led shift into other metals.

The Commission's initial investigation into the deal led the EU antitrust regulator to conclude that "the merged entity could hold a dominant position in the procurement of copper scrap for refining", which could damage the copper recycling industry.

Its in-depth investigation, which could last until April 3, will also assess whether the deal could raise costs for manufacturers generating copper scrap as a by-product, or allow Aurubis to control the supply of key inputs for copper cathodes and wire rods.

Aurubis said it remains confident the takeover will be approved by April 2020 at the latest.

The integration of Metallo into the Aurubis Group "would benefit other market participants", Aurubis Chief Executive Roland Harings said in a statement.

"We don’t see any restrictions of competition that would arise through the acquisition," he said. "We therefore remain confident that the EU competition authority will approve our application to acquire Metallo.”

(Reporting by Francesco Guarascio, additional reporting by Michael Hogan in Hamburg; editing by Philip Blenkinsop and)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AURUBIS
01/08AURUBIS AG : Preliminary announcement of the publication of financial reports ac..
EQ
01/08AURUBIS AG : Preliminary announcement of the publication of quarterly reports an..
EQ
2019AURUBIS AG : Release according to Article 40, Section 1 of the WpHG [the German ..
EQ
2019AURUBIS : recommends dividend of EUR 1.25 per share for fiscal year 2018/19
AQ
2019AURUBIS : sees stable fiscal year, hints at expansion plans
RE
2019AURUBIS : recommends dividend of € 1.25 per share for fiscal year 2018/19
PU
2019AURUBIS AG : Release of a capital market information
EQ
2019AURUBIS AG : Release of a capital market information
EQ
2019AURUBIS AG : Release according to Article 40, Section 1 of the WpHG [the German ..
EQ
2019AURUBIS : EU launches probe into Aurubis acquisition of Metallo
RE
More news
Financials (EUR)
Sales 2020 11 945 M
EBIT 2020 237 M
Net income 2020 178 M
Finance 2020 166 M
Yield 2020 2,63%
P/E ratio 2020 13,4x
P/E ratio 2021 11,9x
EV / Sales2020 0,18x
EV / Sales2021 0,18x
Capitalization 2 336 M
Chart AURUBIS
Duration : Period :
Aurubis Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AURUBIS
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 49,00  €
Last Close Price 52,00  €
Spread / Highest target 19,2%
Spread / Average Target -5,77%
Spread / Lowest Target -28,8%
EPS Revisions
Managers
NameTitle
Roland Harings Chief Executive Officer
Fritz Vahrenholt Chairman-Supervisory Board
Thomas Bünger Chief Operating Officer
Rainer Verhoeven Chief Financial Officer
Jan Koltze Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
AURUBIS-4.97%2 576
TIANQI LITHIUM CORP--.--%6 561
IMERYS5.57%3 476
GEM CO LTD--.--%3 451
JINDUICHENG MOLYBDENUM CO., LTD.-8.99%3 390
GRAFTECH INTERNATIONAL LTD.-2.84%3 269