Salzgitter CEO Open to Merger With Aurubis
September 26 2015 - 6:48AM
Dow Jones News
By Friedrich Geiger
BERLIN--German steel company Salzgitter AG's (SZG.XE) Chief
Executive Heinz Joerg Fuhrmann is open to a merger with copper
maker Aurubis AG (NDA.XE), he told magazine Euro am Sonntag.
"I could well imagine that, one day, Aurubis and Salzgitter
become one company," he said, according to excerpts of an interview
to be published Sunday. Salzgitter owns a 25% stake in
Hamburg-based Aurubis.
"There's an economic logic for it, such as developing industrial
processes together in the future," he is quoted as saying.
He doesn't want to merge with rival steel company ThyssenKrupp
AG (TKA.XE), Mr. Fuhrmann said, according to the magazine.
-Write to Friedrich Geiger at friedrich.geiger@wsj.com
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(END) Dow Jones Newswires
September 26, 2015 06:33 ET (10:33 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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