Energy-focused private equity firm, First Reserve, will acquire a stake in Belgian base metal refining and recycling company, Metallum Group, Financial Times reports. The company will pay about €670 million in equity and debt for the 80% interest.
Metallum Group consists of two business lines, a copper and tin refining business Metallo, and a ferrous and non-ferrous scrap recycling and trading business Metallum. The deal is subject to approvals from certain European regulatory authorities and other customary conditions.
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