27
May
15:33
SSAB to launch new share rights issue
Swedish steelmaker SSAB tells Kallanish that its shareholders have approved a new rights issue of class B shares at an extraordinary general meeting of the company on 27 May. This is to support the target of achieving industry-leading profitability, SSAB says.
Existing shareholders of both A and B shares will have preferential rights, SSAB confirms. The rights issue is expected to raise a maximum of SEK 5,050 million ($606m), before deduction of rights issue cos…
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Anonymous
Very good overview of the weekly steel market.
Anonymous