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11 Nov
15:28

Swiss Steel ensures funding from banks and state

Swiss Steel Holding, formerly Schmolz+Bickenbach, continues to ramp up its focus on short-term liquidity protection measures in order to safely navigate the Covid-19 pandemic. “After the capital increase of CHF 325 million ($354 million) in January, the group signed new financing agreements with its banks and major shareholder BigPoint Holding AG,” Kallanish heard from chief executive Clemence Iller during a conference call. “In addition, this en…
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