Kazakhmys sells MKM for $54 million

May 28, 2013 | 11:40 AM | Claire Hack

Tags  Kazakhmys, MKM, sale, Germany, Kazakhstan, Oleg Novachuk, Metal Bulletin, Claire Hack

LONDON — Diversified miner Kazakhmys Plc has sold Germany-based semifinished copper products manufacturer Mansfelder Kupfer und Messing GmbH (MKM) for €42 million ($54 million) to a European family-owned company.

MKM has been part of Kazakhmys since 2004, before it was listed on the London Stock Exchange, but has been classified as a noncore asset held for sale since 2010. ....

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