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19 Apr

Swiss Steel completes share offering to raise capital

Swiss Steel Holding AG has successfully placed around 3.1 billion new registered shares in connection with its capital increase, Kallanish hears from the maker of special bar quality goods. The company will raise gross proceeds of €300 million ($330m) from the capital increase. It will use the net proceeds of approximately €294m to strengthen its capital and liquidity and to reduce its indebtedness. This will allow the company to shift its focus on fully…
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