Private equity firm TowerBrook Capital Partners LP has received
European Commission approval on its buy of Luxembourg-based
Metallum Holding SA.
The commission, acting
as the European Unions senior competition regulator,
fast-tracked the deal without imposing any conditions on its
approval, noting that there were no links between
Metallums business activities and those of
TowerBrooks existing portfolio.
processes and trades nonferrous metals and refines copper scrap
to produce copper cathodes and related by-products. It owns
Belgiums Metallo Chimique NV, a market leader in the
European copper and tin secondary refining market, and Swiss
recycler Metallum Group (Schweiz) AG, which operates in Europe,
Asia and the Middle East.
TowerBrook, New York, will be the sole owner of Metallum via
a special purpose company set up for the deal.
version of this article was first published in AMM sister
publication Metal Bulletin.