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...