Salzgitter says it has no plans to exit copper producer Aurubis

Salzgitter AG

10/11/2025 09:43

Nov 10 (Reuters) - German steelmaker Salzgitter SZGG.DE said on Monday it was not planning to exit its stake in copper producer Aurubis NAFG.DE.

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)

(Reporting by Emanuele Berro and Bernadette Hogg)

((Emanuele.Berro@thomsonreuters.com; +48 587696510))