OUTOKUMPU IN COPPER DEAL WITH IBERICA DEL COBRE
Finland's state-owned mining company
Outokumpu Oy said in a statement it was entering Spanish
markets as a shareholder in Iberica del Cobre, S.A., a
manufacturer of copper products.
    Outokumpu will acquire 21 pct of the shares in the Spanish
company and a company will be set up as an agent for Outokumpu
Spain. The deal awaits approval by the Spanish government.
    Iberica del Cobre makes tubes, rods, rolled and drawn
copper and alloy products and its sales of 87,000 tonnes of
output in 1986 amounted to 22 billion pesetas. Outokumpu's
turnover in 1986 was 7.58 billion markka.
 Reuter
