Schmolz + Bickenbach SFr325 million rights issue

Overview:

• The Swiss stock exchange-listed steel production group Schmolz + Bickenbach completed its recapitalisation after a SFr325 million share offering and capital reduction.
• This included the listing of over 1 billion new shares on the SIX Swiss Exchange.
• The existing shareholder Martin Haefner, owner of BigPoint, invested SFr223 million in the rights issue and increased, through BigPoint, its share in Schmolz + Bickenbach from 17.5% to 49.6% of the capital and voting rights of the company.

Natasha Forrest - Researcher