In January, the copper producer mentioned it had agreed to terminate the contracts of its chief govt and chief monetary officers in a top-level reshuffle over their dealing with of an alleged theft and fraud.
Aurubis shares had been up 4.67% as of 1444 GMT however had begun rising hours earlier than the announcement, buying and selling up 7.2% as of 1226 GMT.
An area analyst pointed to a report by German enterprise publication Supervisor Magazin to clarify the sooner transfer.
The report mentioned main shareholder Salzgitter had up to now seemed into the opportunity of buying extra shares in Aurubis and had mandated two funding banks to “calculate the venture”.
Salzgitter reaffirmed it had “at current” little interest in taking on Aurubis, the journal reported.
(By Louis van Boxel-Woolf and Paolo Laudani; Enhancing by Andrey Sychev and Thomas Seythal)