'Nationality' of Argor-Heraeus explained

Discussion in 'Gold' started by Roswell Crash Survivor, Mar 24, 2019.

  1. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    At the March 2019 SilverStackers Meet in Melbourne, there was some uncertainty as to whether Argor Heraeus was Swiss or German, so I did some digging.

    In a nutshell: Argor-Heraeus is both Swiss and German.
    • Argor SA was established in Chiasso, Switzerland in 1951
    • Argor SA was by acquired by UBS in 1973
    • Heraeus was established in Germany in 1851
    • Argor-Heraeus was created as a joint venture between UBS and the Heraeus group in 1986
    • Between 1986-2017, ownership of Argor-Heraeus was split between Heraeus, Commerzbank, Austrian Mint and the Management (Argor/UBS)
    • Since 2017, Heraeus became the 100% owner of Argor-Heraeus after the others divested their ownership interests
    • The corporate headquarters and legal domicile of Argor-Heraeus SA is in Mendrisio, Switzerland
    • The largest Argor-Heraeus production refinery remains in Switzerland
    • On the LBMA Goods Delivery list, Argor-Heraeus SA is identified as Swiss
    Primary Sources:
    http://www.argor.com/en/about-us/history
    http://www.argor.com/sites/default/files/news/2489dfe91d7bfa4a0a8b5aea5277b39d.pdf
    http://www.lbma.org.uk/good-delivery-list
     
  2. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    Yeah.... Knew Heraeus was German. But I sit on my electric wire, corrected, with my pants on fire.

    Laugh... Me... Laugh... Gay my life must be! ;)
     

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