Press Release

Aurubis to review other strategic options for Segment Flat Rolled Products

Hamburg, Wednesday, February 6, 2019

Following the European Commission’s decision today to veto the sale of Aurubis AG’s Segment Flat Rolled Products (FRP) to Wieland-Werke AG, Aurubis is reviewing strategic alternatives for the business division.

“We are sorry to hear the Commission’s decision, though it doesn’t come as a surprise to us. In our opinion, Wieland-Werke would have offered a strong future prospect for Segment FRP,” commented Jürgen Schachler, Chief Executive Officer of Aurubis AG.

In October of last year, Aurubis announced that the Commission had expressed concerns about approving the transaction during discussions. “Already at that time, we identified additional potential options to fulfill our due diligence obligation, in case the sale to Wieland wouldn’t go through,” Schachler continued. “We will look at these more intensively now that we can’t carry out the transaction as originally intended. Our primary goal is still to find a prospect for this segment where the business can develop well in the long term.”

Within the Aurubis Group, the segment has undergone an intensive program to improve efficiency, which has yielded very good results. “The employees have earned our most sincere thanks for this commitment,” Jürgen Schachler said. “Regardless of the possible strategic options for FRP, we will continue to pursue the program unchanged and with the same intensity.”

 

 

Aurubis - Metals for Progress

Die Aurubis AG ist ein weltweit führender Anbieter von Nichteisenmetallen und der größte Kupferrecycler der Welt. Das Unternehmen verarbeitet komplexe Metallkonzentrate, Altmetalle und metallhaltige Recyclingstoffe zu Metallen mit höchster Qualität. Aurubis produziert jährlich mehr als 1 Mio. Tonnen Kupferkathoden und daraus diverse Produkte aus Kupfer oder Kupferlegierungen wie Gießwalzdraht, Stranggussformate, Profile oder Flachwalzprodukte. Darüber hinaus erzeugt Aurubis viele andere Metalle wie Edelmetalle, Selen, Blei, Nickel, Zinn oder Zink. Zum Portfolio gehören auch weitere Produkte wie Schwefelsäure oder Eisensilikat.

Nachhaltigkeit ist elementarer Bestandteil der Aurubis-Strategie. „Aurubis schafft aus Rohstoffen verantwortungsvoll Werte“ – dieser Maxime folgend integriert das Unternehmen nachhaltiges Handeln und Wirtschaften in die Unternehmenskultur. Dies beinhaltet den sorgsamen Umgang mit natürlichen Ressourcen, ein verantwortungsvolles soziales und ökologisches Handeln im operativen Geschäft und ein Wachstum in sinnvollem und gesundem Maß.

Aurubis beschäftigt rund 7.400 Mitarbeiter, verfügt über Produktionsstandorte in Europa und den USA sowie über ein ausgedehntes Service- und Vertriebssystem in Europa, Asien und Nordamerika.

Die Aurubis-Aktie gehört dem Prime Standard-Segment der Deutschen Börse an und ist im MDAX sowie dem Global Challenges Index (GCX) gelistet.

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