INVESTOR RELATIONS CENTER

Swiss Steel Holding AG

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Ad hoc news News vom 09.04.2018

SCHMOLZ + BICKENBACH not affected by US sanctions
 
 

SCHMOLZ + BICKENBACH not affected by US sanctions

 

Lucerne, April 9, 2018 – SCHMOLZ + BICKENBACH, a global leader in special long steel, today announced that the Group expects not to be materially affected by the sanctions imposed by the US government on its shareholder Viktor F. Vekselberg and his Renova Holding.

 

Viktor F. Vekselberg holds substantially less than 50% of the total capital of SCHMOLZ + BICKENBACH through his investment companies. As a result and given the composition of its shareholder basis, SCHMOLZ + BICKENBACH does not consider itself a Specially Designated National (SDN) under Executive Order 13662 of the US Office of Foreign Assets Control (OFAC). Based on current knowledge, SCHMOLZ + BICKENBACH does not expect the sanctions to have a material impact on its business, neither in the United States of America nor in other parts of the world.

 
Media Release (PDF)
 
 

For further information:

Dr Ulrich Steiner, Vice President Corporate Communications & Investor Relations

Telephone +41 (0)41 581 4120

u.steiner@schmolz-bickenbach.com

www.schmolz-bickenbach.com

 

 

Forward-looking statements

This press release contains forward-looking statements about developments, plans, intentions, assumptions, expectations, convictions, possible impacts or the description of future events, outlooks, revenues, results or situations, for example. These are based upon the company's current expectations, convictions and assumptions, but could materially differ from any future results, performance or achievements. We are providing this communication as of the date hereof and do not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

 

About SCHMOLZ + BICKENBACH

The SCHMOLZ + BICKENBACH Group is today one of the world's leading providers of individual solutions in the special long steel products sector. The Group is one of the leading manufacturers of tool steel and non-corrosive long steel on the global market and one of the two largest companies in Europe for alloyed and high-alloyed quality and engineering steels. With more than 10 000 employees and its own production and distribution companies in more than 30 countries on 5 continents, the company guarantees global support and supply for its customers and offers them a complete portfolio of production and sales & services around the world. Customers benefit from the company's technological expertise, consistently high product quality around the world as well as detailed knowledge of local markets.

 
SCHMOLZ+BICKENBACH AG, Landenbergstrasse 11, CH-6005 Lucerne, phone +41 (0)41 581 40 00, www.schmolz-bickenbach.com
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