Allen & Overy Reps Alpha Group In $967M Metallum Sale

Law360, New York (April 8, 2011, 3:22 PM EDT) -- Private equity firm First Reserve Corp. said Friday it would acquire more than 80 percent of European copper recycler and refiner Metallum Holdings SA from European private equity firm Alpha Group in a deal valued at $967 million.

The natural-resources focused private equity firm said Friday that Metallum not only controls about 20 percent of Europe's traded copper market share, but it also has solid relationships with some 350 European copper merchants that enables it to purchase the metal even in low-margin markets. Moreover, Connecticut-based First...
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