Cumerio Explained

Cumerio S.A.
Type:Non-ferrous metallurgy
Fate:Acquired
Predecessor:Copper activity division of Umicore
Successor:Aurubis after merge of Cumerio with Norddeutsche Affinerie AG (NA)
Foundation:29 April 2005
Defunct:17 December 2008
Location City:Olen
Location Country:Belgium
Locations:Germany, Belgium, Bulgaria, Great Britain, Italy, Slovakia, and Switzerland
Area Served:Europe
Key People:Luc Delagaye (CEO), Karel Vinck (Chairman of the Board of Directors)
Industry:Copper
Products:Copper
Services:Copper refining
Revenue:€ 3.329 million (2007)
Net Income:46.3 million € (2007)
Owner:merged with Norddeutsche Affinerie AG (NA), now named Aurubis
Num Employees:4 700
Homepage:www.cumerio.com

On 17 December 2008, Cumerio and Norddeutsche Affinerie AG (NA) became Aurubis - Europe's biggest copper producer.[1]

Cumerio is (was) a copper refining company formed in 2005 by the division of the copper activity of Umicore. The Cumerio shares were first listed on Euronext Brussels on 29 April 2005, and delisted from Euronext Brussels on 17 December 2008 as a result of the squeeze-out after merging with Norddeutsche Affinerie AG.

Cumerio was active in smelting, refining and recycling of copper. The headquarters was located in Brussels. The production plants were located at:

Acquisition by Norddeutsche Affinerie AG

In June 2007, the German copper processor Norddeutsche Affinerie AG (NA) expressed its interest to take over Cumerio. On 23 January 2008 the European Commission accepted the transaction.[2]

On 14 April 2008 Cumerio became part of the NA Group. This made it the largest copper producer in Europe.

See also

External links

Notes and References

  1. Web site: Aurubis - the largest copper producer in Europe . International Mining. 2009-12-17. 2009-03-04.
  2. http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2008:161:0007:0012

    EN: PDF Summary of the Order of the Commission.