Schmolz + Bickenbach begins emergency recapitalisation

steel fotolia px230x150 for gc
By Aidan Gregory
11 Dec 2019

Struggling Swiss steelmaker Schmolz + Bickenbach has launched an emergency rights issue after the Swiss market regulator FINMA approved it on Monday.

UBS and Credit Suisse are global coordinators on the rights offer, which will raise at least Sfr189 but not more than Sfr350m.

The recapitalisation is intended to secure the company’s future after a prolonged period of underperformance. 

Schmolz + Bickenbach has been hit by problems including a ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.