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Sims Metal Management Announces Sale of European Compliance Scheme Operations

25 Nov 2019  |  08:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Sale of European Compliance Scheme Operations

Sims Metal Management announced that, subject to competition approval by the European Commission, it has agreed to sell its European compliance scheme-oriented recycling operations to TSR Recycling, a subsidiary of REMONDIS Group for EUR83.5m. The sale will be effective as of 30 September 2019.

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