Published by Global Banking & Finance Review®
Posted on November 10, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleSalzgitter confirms it will retain its stake in Aurubis, emphasizing the copper producer's value amid bond exchange plans.
(Reuters) -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)
(Reporting by Emanuele Berro and Bernadette Hogg)
Equity refers to ownership in a company, represented by shares of stock. It signifies the value of an owner's interest in the business after all liabilities have been deducted.
Corporate bonds are debt securities issued by companies to raise capital. Investors purchase these bonds, effectively lending money to the issuer in exchange for periodic interest payments and the return of the bond's face value at maturity.
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure used to analyze a company's operating performance without the effects of financing and accounting decisions.
A stake in a company refers to the ownership interest that an individual or entity has in that company, typically represented by shares. It signifies the proportion of the company owned.
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