The European Commission (EC) is currently investigating German copper giant Aurubis' proposed sale of its rolled-copper product business to its counterpart Wieland-Werke after the latter failed to dismiss competition concerns, the EC said on Wednesday August 1.
The EC will conduct an in-depth investigation until December 10 on whether the takeover will reduce competition in the supply of key copper inputs to manufacturers, according to the statement. "Copper is used not only in many industries but also in our homes, in electrical equipment or piping. The proposed transaction would bring together...