Swiss Steel launches long-awaited rights issue

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By Sam Kerr
02 Mar 2021

Swiss Steel, the Swiss manufacturer of steel and steel products formerly known as Schmolz + Bickenbach, has unveiled the terms of a Sfr220m (€200m) rights issue, required to help the company improve its capital position.

The 1.03bn share rights issue has been talked about for months given the impact the coronavirus pandemic has had on the Swiss firm’s business.

CEO Clemens Iller said in August that the company had seen a “dramatic” fall in its sales thanks to international lockdowns.

Swiss Steel said ...

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