Salzgitter says it has no plans to exit copper producer Aurubis

Reuters
2025.11.10 09:43
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German steelmaker Salzgitter said on Monday it was not planning to exit its stake in copper producer Aurubis .Aurubis is a valuable part of Salzgitter's business and brings "valuable EBITDA to the table", Chief Financial Officer Birgit Potrafki said.Salzgitter, which owns 29.99% of Aurubis, said in October it would sell 500 million euros ($583 million) worth of bonds that could be exchanged for 7.6% of Aurubis's stock, quenching simmering takeover speculation.($1 = 0.8575 euros)

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