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Name | Symbol | Market | Type |
---|---|---|---|
Aurubis AG (PK) | USOTC:AIAGY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 39.50 | 30.21 | 53.11 | 0.00 | 21:05:08 |
German steelmaker Salzgitter AG (SZG.XE) Wednesday denied it plans to issue a bond to finance increasing its stake in copper company Aurubis AG (NDA.XE).
"Salzgitter has no plans to issue a bond," a spokesman for the company said in response to market speculation earlier Wednesday.
He added that Salzgitter doesn't plan to increase its stake in Aurubis to over 29.9%, short of the 30% threshold that requires a takeover offer under German financial markets laws.
Salzgitter currently owns around 23% in Aurubis.
Company Web site: www.salzgitter-ag.de
-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503; jan.hromadko@dowjones.com
1 Year Aurubis (PK) Chart |
1 Month Aurubis (PK) Chart |
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