Major Changes at Swiss Steel Signal Industry Shift ...Middle East

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Major Changes at Swiss Steel Signal Industry Shift
source : OILPRICE ( Middle East ) () 54
Via Metal Miner Swiss Steel Group recently announced plans to voluntarily delist from the local stock exchange. The sustainable steel industry leader partly cited restructuring and reorganization changes as reasons for the move, stating that both had resulted in large and long-term investors becoming its principal shareholders. According to January 24 statement, the resulting low float of its shares, combined with the low share price, prompted the Lucerne-headquartered company to seek removal from the SIX Swiss Exchange. “The board of directors…

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