April 4, 2016 / 2:52 PM / 2 years ago

Aurubis to shun Africa in hunt for acquisitions

SANTIAGO, April 4 (Reuters) - Europe’s biggest copper smelter Aurubis will be looking for potential acquisitions of smelting and refining facilities in regions where it can handle political risk, chief financial officer Erwin Faust told Reuters in Santiago on Monday.

“So that means Africa may not be at the top of our list, we are also a little shy of Chinese opportunities,” Faust said, adding that Aurubis was open to opportunities elsewhere in Asia and in the Americas, both north and south.

Reporting by Pratima Desai

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