Copper miner Kazakhmys sells MKM for 42 mln euros

The company, which is bidding for rival Eurasian Natural Resources Corp Plc, said it would receive 12 million euros of the deal value on a deferred basis.

Copper miner Kazakhmys sells MKM for 42 mln euros

World Bulletin / News Desk

Copper miner Kazakhmys said on Tuesday that it sold its German semi-finished copper products business, MKM, for 42 million euros ($54.34 million).

The company, which is bidding for rival Eurasian Natural Resources Corp Plc, said it would receive 12 million euros of the deal value on a deferred basis.

Kazakhmys had taken over Mansfelder Kupfer und Messing GmbH (MKM) in 2004. The German company produces a range of products including copper strips, wire, tubes and bars.

The miner said it was selling the business to a European family office, but did not name the buyer.

Last Mod: 28 Mayıs 2013, 13:43
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