Brief: Liwet Says Co Enables Solution To Rescue Schmolz+Bickenbach On A Fair Approach To All Shareholders

Swiss Steel Holding AG

02/12/2019 18:02

Dec 2 (Reuters) - Schmolz+Bickenbach AG  STLN.S :
    * LIWET HOLDING AG ENABLES SOLUTION TO RESCUE
SCHMOLZ+BICKENBACH
ON A FAIR APPROACH TO ALL SHAREHOLDERS
    * LIWET-AFTER DISCUSSIONS WITH SCHMOLZ+BICKENBACH,
UNDERSTANDING
REACHED   TO RESCUE CO BY CAPITAL INCREASE ON BASIS OF FAIR
APPROACH TO ALL SHAREHOLDERS
    * LIWET- STAKE OF MARTIN HAEFNER'S BIGPOINT HOLDING AG IN
SCHMOLZ
+ BICKENBACH SHALL IN PRINCIPLE NOT EXCEED 37.5%
    * LIWET-NECESSARY TO EXAMINE HOW OPERATIONAL PROCESSES CAN
BE
OPTIMIZED, INVENTORY REDUCED OR SALE OF NON-CORE ACTIVITIES
INITIATED IN S+B
    * LIWET- CO & BIGPOINT, TOGETHER WITH BOARD AND MANAGEMENT
OF
SCHMOLZ + BICKENBACH, WILL WORK OUT MEASURES TO GET COMPANY BACK
ON TRACK FOR SUCCESS
    * LIWET- REQUIREMENT THAT CO AND ALL OTHER SHAREHOLDERS HAVE
EQUAL
RIGHTS IN CAPITAL INCREASE HAS BEEN FULFILLED

Source text for Eikon:  ID:nEQ1qdG4Pa 
Further company coverage:  STLN.S 

 ((Reuters.Briefs@thomsonreuters.com;))