Semperit raises capital to continue “transformation” process

Vienna – Semperit AG Holding has raised €150 million – through B&C Holding Gmbh, a subsidiary of its core shareholder B&C Industrieholding GmbH – to help fund its “transformation process.”

The Vienna-based rubber goods manufacturer said the loan would strengthen equity and maintain solid balance sheet figures.

Semperit’s have been negatively influenced by the company’s current earnings situation.

“With this corporate action, the core shareholder supports the transformation process initiated by the management board and the supervisory board,” said Veit Sorger, chairman of Semperit supervisory board.

Semperit announced 9…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with