On June 2, 1998, a completely new chapter began for Salzgitter AG in its at that time already 140-year history. The parent company at that time, Preussag put its focus increasingly on the tourism sector and wanted to spin-off its steel activities. The Federal State of Lower Saxony and Norddeutsche Landesbank intervened in order to protect Lower Saxony as a location for steel production and secure the associated jobs. They enabled the company, which concurrently changed its name from Preussag Stahl AG to Salzgitter AG, to become independent and stock listed. Only very few observers believed in a perpetual independence of the fledging company. Who would have thought that a quarter of a century later Salzgitter AG would not only still exist as an independent and successful company, but, even more, by now is pioneer of the German and European basic materials industry.
On this occasion, an opening bell was rung on the floor of the Frankfurt Stock Exchange on June 14, with which our Executive Board members Burkhard Becker and Michael Kieckbusch officially kicked off the trading day at 9 a.m.
Deutsche Börse: https://www.youtube.com/watch?v=SWAscRdCQ0k
Press release of Salzgitter AG (only available in German): 25 Jahre an der Börse – eine Erfolgsgeschichte