Schmolz hunts for investors in capital restructuring

04 Apr 2013

Schmolz + Bickenbach, the Swiss-German steelmaker, is looking for new equity investors in its business as part of a capital restructuring.

The Switzerland-listed company has invited investors to submit offers to inject equity, and said that it was in discussion with "various national and international investors, with whom confidentiality and standstill agreements have been signed".

The company said in a statement that Renova Industries, which is owned by Russian billionaire ...

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