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AIAGY Aurubis AG (PK)

39.11
0.00 (0.00%)
Last Updated: 18:51:12
Delayed by 15 minutes
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% 39.11 39.50 42.16 0.00 18:51:12

Salzgitter Denies Plans Bond Issue To Fund Aurubis Stake Hike

23/09/2009 10:15am

Dow Jones News


Aurubis (PK) (USOTC:AIAGY)
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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

 
 

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