Metso signed an agreement to divest its grinding media business to Moly-Cop. The transaction comprises the sale of Metso Spain Holding S.L.U, including operations in two locations with around 80 employees in Spain (Bilbao and Seville). The estimated turnover of the business in 2018 will be approximately EUR 60 million. The value of the transaction will not be disclosed. It is expected to close this month, and is subject to customary closing conditions, including regulatory approvals. Moly-Cop is a leading global manufacturer of grinding media used primarily by global copper, gold and iron ore producers to break down ore in the primary phase of mineral concentration.
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