Aurubis AG (NAFG.DE)
Latest Key Developments (Source: Significant Developments)
Aurubis AG:Confirms forecast for the entire fiscal year 2015/16. Full Article
Aurubis AG:Views earnings forecast from December as realistic: while Aurubis’ earnings will be significantly lower than the record earnings of the previous year, they will still be satisfactory in FY 2015/16. Full Article
Aurubis AG:Expects 2015/2016 operating pretax profit to be significantly lower.FY 2015/2016 EBT 293.06 million euros - Thomson Reuters I/B/E/S. Full Article
Aurubis AG:Bulgaria's competition watchdog accused on Monday Europe's biggest copper smelter Aurubis of abusing its dominant market position by selling sulphuric acid used in the fertiliser industry at an "unreasonably high price" in Bulgaria - RTRS.The Commission of Protection of Competition said it has carried out a survey on the trade practices of Aurubis and its Bulgarian unit following a complaint by Bulgaria's leading fertilizer maker Agropolychim - RTRS."Aurubis is taking advantage of its dominant position on the Bulgarian market and sells sulphuric acid at an unreasonably high price, putting the buyers in the country in an unfavourable position compared with the foreign clients of the company," the watchdog said in a statement - RTRS. Full Article
Aurubis AG:Juergen Schachler appointed new executive board chairman of Aurubis AG.Schachler will succeed Bernd Drouven, who will be returning to supervisory board on November 1, 2015.Schachler is scheduled to take on his new CEO role on April 1, 2016.Schachler will be switching to Aurubis AG from his current position as CEO of Arcelormittal Europe, flat products, business division south west.Until then, Aurubis will be led by executive board members Stefan Boel and Erwin Faust. Full Article
SANTIAGO Aurubis AG, the world's biggest copper recycler, is likely to start its search for acquisitions in Europe and the United States as it looks to expand into other metals, but will not get into mining, its chief executive told Reuters.