Press Release

European Commission expresses concerns regarding the approval of sale of the segment Flat Rolled Prod-ucts from Aurubis to Wieland

Hamburg, Wednesday, October 10, 2018

In the course of merger control proceedings regarding the sale of the segment Flat Rolled Products of Aurubis AG (Aurubis) to Wieland Werke AG (Wieland), the European Commission informed Aurubis and Wieland that clearance of the transaction can probably not be achieved with the proposed remedies.

Based on its preliminary assessment, the European Commission, in order to clear the transaction, would currently ask for further remedies that Wieland is not obliged to offer under the agreed Sale and Purchase Agreement. Therefore, in Aurubis’ view, at this stage, execution of the transaction is not any longer more likely than not.

The Parties agreed to continue the merger control proceedings in order to still achieve clearance of the transaction, in particular, based on a revised competitive assessment by the European Commission.

“We do not share, in this form, the Commission’s current assessment that further conditions are necessary to approve the sale of Aurubis AG’s flat rolled products segment to Wieland-Werke,” explains Dr. Erwin Mayr, CEO of the Wieland Group. “In our estimate, both the customers and the entire industry would benefit from the merger. We will therefore continue working intensively on concluding the planned transaction successfully.”

Jürgen Schachler, Aurubis AG Executive Board Chairman, promised the support of his company: “We have always emphasized that we think Wieland-Werke would be a very good owner of our flat rolled products segment. For this reason, we will continue doing everything we can to arrive at a result that satisfies all sides.”

Although Aurubis fully supports this approach, the Executive Board has identified strategic alternatives to the transaction as part of a contingency planning.

Aurubis - Metals for Progress

Die Aurubis AG ist ein weltweit führender Anbieter von Nichteisenmetallen und der größte Kupferrecycler der Welt. Das Unternehmen verarbeitet komplexe Metallkonzentrate, Altmetalle und metallhaltige Recyclingstoffe zu Metallen mit höchster Qualität. Aurubis produziert jährlich mehr als 1 Mio. Tonnen Kupferkathoden und daraus diverse Produkte aus Kupfer oder Kupferlegierungen wie Gießwalzdraht, Stranggussformate, Profile oder Flachwalzprodukte. Darüber hinaus erzeugt Aurubis viele andere Metalle wie Edelmetalle, Selen, Blei, Nickel, Zinn oder Zink. Zum Portfolio gehören auch weitere Produkte wie Schwefelsäure oder Eisensilikat.

Nachhaltigkeit ist elementarer Bestandteil der Aurubis-Strategie. „Aurubis schafft aus Rohstoffen verantwortungsvoll Werte“ – dieser Maxime folgend integriert das Unternehmen nachhaltiges Handeln und Wirtschaften in die Unternehmenskultur. Dies beinhaltet den sorgsamen Umgang mit natürlichen Ressourcen, ein verantwortungsvolles soziales und ökologisches Handeln im operativen Geschäft und ein Wachstum in sinnvollem und gesundem Maß.

Aurubis beschäftigt rund 7.400 Mitarbeiter, verfügt über Produktionsstandorte in Europa und den USA sowie über ein ausgedehntes Service- und Vertriebssystem in Europa, Asien und Nordamerika.

Die Aurubis-Aktie gehört dem Prime Standard-Segment der Deutschen Börse an und ist im MDAX sowie dem Global Challenges Index (GCX) gelistet.

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