Aurubis drops after Salzgitter launches exchangeable bonds linked to its shares

Salzgitter AG

15/10/2025 07:25

** Shares in German copper producer Aurubis NAFG.DE are down around 8% in early Frankfurt trade

** A local trader points to majority shareholder Salzgitter SZGG.DE launching on Tuesday a 500 million euro bond offer exchangeable for Aurubis shares

** Salzgitter said that initially about 3.4 million shares, or about 7.5% stake, in Aurubis will be underlying the bonds

** The trader sees "still a slightly negative effect on Salzgitter via significant dilution of their Aurubis stake"

(Reporting by Emanuele Berro)

((emanuele.berro@thomsonreuters.com))