Energy industry investor First Reserve acquires Metallum Holding

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Private equity firm First Reserve Corporation announced the acquisition of Metallum Holding S.A. for €670m on 7 April 2011. The Luxembourg-based holding company's activities include the metals trading and recycling operations of the former Swiss Dietiker group, and the Belgian non-ferrous metals specialist Metallo-Chimique. Completion of the transaction is subject to approval from European regulatory authorities and fulfilment of other conditions.

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