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January 23, 2024
Fraud and theft losses in the hundreds of millions of euros at Hamburg-based copper producer Aurubis have led the company to force out chief executive Roland Harings and two other members of the company's four-person executive board. The ousters were announced on Tuesday following a meeting of the Aurubis supervisory board. The executives needed to take responsibility for "the particular challenges Aurubis faced in the past fiscal year," according to a statement on Tuesday. The su...
January 22, 2024
(Bloomberg) -- Aurubis AG is preparing to terminate the contract of its chief executive and two other executive board members, as the copper producer seeks to move on from a giant raw-material scam.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHong Kong Stocks at 36% Discount Show True Depth of China GloomMorgan Stanley, JPMorgan Say Buy the Dip After Treasury RoutGloom Over China Assets Is Spreading Beyond Battered StocksSony Sends Termination Letter to
January 22, 2024
Following losses in the the three-digit millions caused by fraud at the Hamburg-based copper producer Aurubis, three out of four executive board members are facing personal consequences, including chief executive Roland Harings. Representatives of the supervisory board are currently holding "advanced talks with three executive board members about the termination of their executive board activities," Aurubis announced on Monday evening in a statement. "The investigations will show ...
December 23, 2023
Aurubis AG ( ETR:NDA ) last week reported its latest annual results, which makes it a good time for investors to dive...
December 20, 2023
Aurubis AG (AIAGY.PK, AIAGF.PK), a metals company, on Wednesday reported a decline in net earnings for the full year citing financial impact of the "criminal activities" it reported earlier.
September 19, 2023
Aurubis shares rose Tuesday after the German metals supplier offered a new earnings outlook, with clarified statements following a huge theft of copper.
September 1, 2023
Shares of Salzgitter AG (SZGPY.PK) were losing around 6 percent in the morning trading in Germany after the steel manufacturer Friday said that it is suspending earnings guidance for fiscal 2023 for the time being.
September 1, 2023
(Bloomberg) -- Europe’s top copper producer Aurubis AG warned it may face losses in the hundreds of millions of euros after being hit by a massive scam involving shipments of scrap metal that it uses in its recycling business.Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling Jet EnginePutin Moves to Seize Control of Wagner’s Mercenary EmpireEurope's Biggest Oil Company Quietly Shelves a Radical Pl...
April 21, 2023
Investegate announcements from Aurubis AG, Aurubis AG exceeds market expectations for the second quarter 2022/23 and increases full-year forecast
January 16, 2023
Investegate announcements from Aurubis AG, Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution