Aurubis AG (XTRA:NDA) signed a purchase agreement to acquire remaining 40% stake in Deutsche Giessdraht GmbH from Codelco Kupferhandel GmbH on January 19, 2018. The existing 2018 supply contracts will not be affected by the transaction. Beginning in 2019, Aurubis will assume sole marketing of the Rhein-Rod brand of Deutsche Giessdraht. The final transfer of ownership is subject to approval by German Bundeskartellamt (federal anti-trust office) and regulatory approval. On July 13, 2018, the German “Bundeskartellamt” (federal anti-trust office) approved the transaction. As a result, the transaction will take place on July 31, 2018. Landmark Capital acted as the financial advisor and Cleary Gottlieb Steen & Hamilton acted as the legal advisor to Codelco for the transaction.