Copper Firm KME Is Said to Pick Banks for Unit’s German IPO

Markets Deals Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Eyk Henning , Swetha Gopinath , and Pablo Mayo Cerqueiro August 19, 2026 at 2:51 PM UTC KME Group Spa has picked banks to help arrange a Frankfurt listing of Cunova GmbH, which could value the unit producing copper-nickel at as much as €1 billion ($1.2 billion), according to people familiar with the matter. Berenberg and UniCredit SpA have been selected to arrange an initial public offering of the business, the people said, asking not to be identified discussing private information. The listing could come this year or in 2027, the people said.