Schmolz+Bickenbach’s CEO and CFO quit six weeks after €258m HY issue

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Schmolz+Bickenbach’s CEO and CFO quit six weeks after €258m HY issue

Investors have punished German speciality steelmaker Schmolz+Bickenbach in the secondary market, after it did not renew the contracts of its CEO Benedikt Niemeyer and CFO Axel Euchner. The two executives left the firm immediately.

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