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A-TEC sees advantages for own copper unit in a Cumerio-Norddeutsche merger

VIENNA (Thomson Financial) - A-TEC Industries AG said that its recent purchase of stakes in Cumerio NV and Norddeutsche Affinerie AG will ensure that A-TEC's copper recovery unit Montanwerke Brixlegg plays a role in the consolidation efforts between the two copper companies.

A-TEC spokesman Gerald Wechselauer said that while the company views its stakes in Cumerio and Norddeutsche Affinerie as strategic investments, the two companies will have to acknowledge A-TEC's interests as a principal shareholder in both.

Yesterday, A-TEC announced that it had purchased a 4.99 pct stake in Cumerio, while since March 15 it holds a 10 pct stake in Norddeutsche Affinerie.

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