9,915.62 TRY BIST 100 BIST 100
34.89 EUR EUR EUR
32.51 USD USD USD
4.51 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
44.70 TRY Interest Interest
89.50 USD Fossil Oil Fossil Oil
27.20 USD Silver Silver
4.58 USD Copper Copper
119.16 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,438.11 TRY Gold (gr) Gold (gr)

PCS Holding AG acquires additional shares in Swiss Steel

Swiss Steel announced that shareholder BigPoint Holding AG, led by Martin Haefner, has sold its 8.07% stake to PCS Holding AG, led by Peter Spuhler.

PCS Holding AG acquires additional shares in Swiss Steel

PCS Holding is an investment holding company in which Stadler Rail, a manufacturer of railway vehicles and systems, is the parent company. A few years ago it acquired about 10% of Swiss Steel from BigPoint.

Big Point is an investment holding company that also includes aluminium producer Amag. Some time ago, the Swiss financial authority Finma obliged owner Martin Haefner to reduce his voting rights to less than one third as a precondition for a capital increase at Swiss Steel.

Big Point currently owns less than 33% of the producer of speciality bar grades and just over 20% of Spuhler's PCS. The third major player in the steel group is Russian billionaire Viktor Veskelberg and his Liwet Holding, with a stake of around 25 per cent.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Kroman Çelik reapplied for the cancelled project

Thursday, April 25, 2024

Brazil is increasing import duties!

Friday, April 26, 2024

Wu'an Xin Feng is planning to build a hot rolled coil facility in Egypt

Saturday, April 27, 2024

Germany experienced a decrease in steel sales for March

Friday, April 26, 2024

Decision of unpaid capital increase from Kocaer Steel!

Friday, April 26, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now