TowerBrook Capital Partners is to sell Metallo Holdings 3 (Metallo), a Belgian-Spanish non-ferrous metals recycling Group, to Aurubis AG.
Metallo is a recycling and refining company with around 530 employees at its main sites in Belgium and Spain. In the fiscal year 2018, Metallo generated revenues of approximately EUR 985 million. With the transaction, Aurubis continues to actively pursue its multi-metal and recycling strategy.
The closing of the transaction is subject to clearance by the responsible merger control authorities and is expected to take place towards the end of the year. The Supervisory Board of Aurubis AG has already approved the transaction.
Sidley Austin represented TowerBrook Capital Partners on the sale.
