Swiss Steel Group evaluates equity measures

by Hans Diederichs

The aim is to strengthen its long-term financing concept

In connection with various media reports, Swiss Steel Group, a world leader in special long steel, states that the company, as already communicated when announcing its half-year results for 2020, is holding regular discussions with banks, anchor shareholders and potential investors about its financing concept.

The aim of the investor discussions is to further strengthen the equity base in order to give the Company greater entrepreneurial freedom and increase its reserves.

The Company has sufficient liquidity through shareholder and state guaranteed loans. The transformation program continues to run according to plan.

As planned and already announced, the Company will provide more detailed information, including the long-term financing concept, as part of its regular reporting on the Q3 figures on November 11, 2020.

Source and photo: Swiss Steel Group                

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