The EU Commission clears acquisition of large specialised refiner of copper scrap by the world’s largest refiner of copper scrap (Aurubis / Metallo)

Mergers: Commission clears Aurubis' acquisition of Metallo* The European Commission has approved, under the EU Merger Regulation, Aurubis' acquisition of Metallo, a large copper scrap refiner. The Commission concluded that the merger would not adversely affect competition in the European Economic Areaor any substantial part of it. Executive Vice-President Margarethe Vestager, in charge of competition policy, said: “Copper is an important input needed for electric mobility and digitisation. A well-functioning circular economy in copper is important to ensure a sustainable usage of resources in the context of the European Green Deal. This is why we carried out an in-depth investigation of the merger between Aurubis and Metallo. We initially raised concerns about the transaction and

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European Commission, The EU Commission clears acquisition of large specialised refiner of copper scrap by the world’s largest refiner of copper scrap (Aurubis / Metallo), 4 May 2020, e-Competitions May 2020, Art. N° 94681

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