03
Dec
15:02
Troubled S+B negotiates approval for increase in capital
The shareholders of Schmolz+Bickenbach (S+B) group have approved the capital reduction and simultaneous capital increase by at least CHF 325 million ($329m) proposed by the company’s board of directors. This was done at an extraordinary meeting of the Swiss-headquartered special steelmaker’s shareholders.
Progress in the efforts to achieve an increase in capital was highly dependent on the roles of the company’s main stakeholder’s, S…
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Anonymous
Very good overview of the weekly steel market.
Anonymous