Aurubis Sees $198 Million Hit After Metal Theft, Fraud — Update

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By David Sachs and Pierre Bertrand

Aurubis, Europe’s largest producer of copper, said it would take an earnings hit of 185 million euros ($197.8 million) as a result of alleged fraud and metals theft at the company.

The estimate follows an inventory assessment following alleged criminal activities disclosed earlier this year, the German company…

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