Intek Group acquired MKM for €80m.

KME, one of the leading player in the European copper and copper alloy semifinished product industry and Intek Group, Italian investor, subsidiary, acquierd MKM Mansfelder Kupfer und Messing, another major player in the relevant market. The agreed Purchase Price is €80m plus a participation of the Seller in the future value creation of the combined entity. The Purchase Price will be financed by group own resources and ongoing divestments of assets. The aim of the transaction is to strengthen the performances of both companies through the implementation of synergies. The future strategy will be focused on differentiating each of the relevant plants based on its specific production strengths.