Announced
Completed
Financials
Tags
Spain
Private
Single Bidder
Germany
brass rods
Completed
Majority
Diversified Industrials
copper tubes
Acquisition
Friendly
Synopsis
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.
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