Aurubis voting rights shift draws Goldman closer, shares in MDAX spotlight

Aurubis sees a marked change in its shareholder structure after Goldman Sachs lifts its total voting rights position to 15.76 percent via shares and instruments, according to an EQS release. The MDAX-listed copper recycler stays on investors’ radar.

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-29, 12:51.

Aurubis (DE0006766504) has reported a marked change in its voting rights structure. An EQS notification shows that The Goldman Sachs Group now controls 15.76 percent of total voting rights via shares and instruments, while the stock remains a constituent of the MDAX and trades in Frankfurt.

What the EQS filing shows

On 29 June 2026, Aurubis disclosed a voting rights announcement pursuant to Article 40, Section 1 of the German Securities Trading Act (WpHG), transmitted through EQS News. The notification names The Goldman Sachs Group, Inc. of Wilmington, Delaware as the entity subject to the reporting obligation and confirms the copper recycler as the underlying issuer.

According to the filing, Goldman Sachs crossed the relevant threshold on 23 June 2026. The new position comprises 0.72 percent of voting rights attached directly or indirectly to shares and 15.04 percent of voting rights held through various financial instruments, resulting in a combined total of 15.76 percent of the 44,956,723 voting rights outstanding at Aurubis.

Goldman’s instruments and exposure

The EQS document details a mix of instruments under Sections 38(1) no. 1 and 38(1) no. 2 WpHG that underpin Goldman Sachs’ exposure to Aurubis. Under the first category, rights to recall and rights of use are listed alongside call options and an exchangeable bond, together representing 1,044,301 voting rights or 2.32 percent of the company’s total.

Under the second instruments category, the filing notes swaps, call warrants, put options and futures with either cash or physical settlement, summing up to 5,715,276 voting rights or 12.71 percent. A notable element is a call warrant position corresponding to 3,796,393 voting rights, equal to 8.44 percent, illustrating a substantial derivative exposure to Aurubis shares.

The business behind Aurubis

Aurubis operates as one of Europe’s leading copper recyclers and producers, processing copper concentrates, scrap and recycling materials into high-purity copper cathodes. The company’s Hamburg site and other smelters feed into the production of copper products used across electrical, construction and industrial applications, anchoring earnings in global metals demand.

Where the Aurubis shares trade today

The Aurubis shares (DE0006766504) most recently traded at around 184.10 euros on a German exchange close to the Frankfurt trading venue on 2026-06-26, 16:30, according to market data, with the stock included in the MDAX and reflecting a positive year-to-date performance.

Aurubis at a glance

• Company: Aurubis AG
• ISIN: DE0006766504
• WKN: 676650
• Ticker: NDA
• Trading venue: Frankfurt / Xetra
• Price (as of 2026-06-26, 16:30): 184.10 EUR
• Market cap: approximately 8.27 billion EUR (as of 2026-06-26)
• Sector / industry: Metals & Mining / Copper production and recycling
• Index membership: MDAX
• Next earnings date: not officially scheduled

This article is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or a solicitation of any kind. Figures and data are based on sources cited and may change over time.