KME Group to Repurchase Stake in Cunova from Paragon Fund
KME Group's subsidiary KME SE has reached an agreement to repurchase a 55% stake in Cunova GmbH from The Paragon Fund III for EUR43.5 million. This deal is part of a larger initiative to strengthen KME's position in the specialty copper products market, targeting completion by mid-2026.
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KME SE has finalized an agreement with The Paragon Fund III GmbH & Co. geschlossene Investment KG to repurchase a 55% stake in Cunova GmbH for EUR43.5 million in cash. This transaction is part of a broader strategy to establish a fully integrated industrial presence in the specialty copper products sector, in partnership with Apollo Global Management Ltd.
The preferred equity component stipulates a minimum repurchase price of EUR52.0 million if a sale occurs. The deal is anticipated to close by the first half of 2026, with KME Group shares increasing by 0.7% to EUR0.88 on the announcement.
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