Announced
Completed
Financials
Sources
Tags
Acquisition
China
Private
Majority
Single Bidder
Copper
Friendly
copper
Domestic
Completed
Synopsis
Golden Dragon, a manufacturer of copper tubes and precision brasses, completed the acquisition of a 50% stake in KMD joint venture from KME, a supplier of precision rolled copper, for $53m. This new agreement represents an additional milestone in the overall KME deleveraging strategy and new regional focus due to the latest geopolitical changes.
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