Outokumpu : (Surprise) cash call to step up deleveraging
>(Surprise) capital increase announced yesterday - Outokumpu has announced and carried out a share issue (40.5m new shares, 9.7% of the capital) as part of a private placement with institutional investors for a gross amount of € 209m. The main idea behind this share issue is to step up Outokumpu's deleveraging by using the proceeds to reduce its gross debt and thus strengthen its balance sheet. The subscription price is € 5.15 per share, which equates to a discount o...Outokumpu is organized into the following five business areas: Coil Europe, Middle East and Africa, which consists of stainless operations as well as ferrochrome production in Europe; Coil Americas, which produces standard austenitic and ferritic grades as well as tailored products; APAC, which includes cold rolling facility and coil and plate service center in China, as well as a coil service center in Australia; Quarto Plate, which is comprised of the quarto plate production facilities in Sweden and in the U.S.; as well as Long Products, in which its products are used in a range of applications such as springs, wires, surgical equipment, automotive parts and construction.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.