Milan-listed KME, a maker of copper and alloy products, has halted its share buyback programme to make new investments. KME has acquired a 30 per cent stake in Naples-based Metalbuyer, a dealer in ferrous and non-ferrous metals, mostly scrap, for €1.5 million (£1.3 million). KME has an option to buy a further 21 per cent within three years
