Zhejiang Hailiang completed acquisition of KME's brass rods and tubes businesses for $134m.

Zhejiang Hailiang, a provider of the copper tubes and brass rods, completed the acquisition of brass rods and tubes businesses of KME, a copper producer, for $134m. Hailiang has also made a binding offer for the acquisition of KME Brass France SAS, which pertains to the French brass rods business and has granted to KME a put option in this regard. KME is going to immediately start the consultation procedure with the relevant employee representatives bodies following receipt of this offer.