(AOF) – Aurea, a European industrial player in the regeneration of waste, announces that it has finalized today the acquisition of 100% of the capital of the British company Real Alloy UK (specialized in the recycling of aluminum) and of the French company RVA (Recovery Valorisation Aluminium, specialized in the treatment of waste from the aluminum industry) after the lifting of the various conditions precedent. These acquisitions were financed in cash and will be consolidated in the accounts from April 14, 2023.
This operation allows Aurea to strengthen its position in the aluminum sector, and in particular to develop its presence in the United Kingdom. The entire acquisition scope employs nearly 100 people and generates full-year sales of around 80 million euros.
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Greater disparities between utilities
The World Energy Markets Observatory highlights a wide disparity in retail energy prices in Europe. Suffering from both the effect of the rise in wholesale prices and high volatility in selling prices to end consumers, the profitability of players is under pressure. While the sixteen largest European energy suppliers benefited last year from a significant increase in their turnover (+47% compared to 2020), their gross operating margin (Ebitda margin) , deteriorated from 20.2% to 19.6%. Those who had to resort to purchasing electricity on the market had to pay these additional volumes much more expensive than the level of sale prices already set and therefore saw their margins deteriorate.
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