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Three advise Schomlz on capital raise

Swiss speciality steel firm Schmolz + Bickenbach appointed BNP Paribas, Commerzbank and Credit Suisse as financial advisors as it considers carrying out a Sfr300m capital increase. The firm is in the middle of a restructuring and cost-cutting programme but on Wednesday was able to revise upwards its earnings outlook for the year on rising revenues and orders.

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