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FINMA's Takeover and State Liability Committee dismisses appeal of Liwet Holding AG against the decision of the Swiss Takeover Board of 5 March 2021

·2-min read

Swiss Steel Holding AG / Key word(s): Miscellaneous

20-May-2021 / 19:33 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Lucerne, 20 May 2021 - With reference to its media release of 16 March 2021 Swiss Steel Holding AG announces that with decision of 18 May 2021 FINMA's Takeover and State Liability Committee has dismissed the appeal of Liwet Holding AG against the decision of the Swiss Takeover Board of 5 March 2021 with the costs of the proceedings being imposed on Liwet Holding AG. The decision of FINMA remains subject to the right of appeal against the Swiss Federal Administrative Court.

For further information:

For media queries:
Dr. Andrea Geile,
a.geile@swisssteelgroup.com, tel +41 (0)41 581 4121

For analyst/investor inquiries:
Daniel Geiger,
d.geiger@swisssteelgroup.com, tel +41 (0)41 581 4160


Media Release (PDF)

About Swiss Steel Group

The Swiss Steel Group is currently one of the world's leading providers of customized solutions in the field of special long steel products. The Group is also one of the leading manufacturers in the global market for both tool steel and stainless long steel and is one of the two largest companies in Europe for alloyed and high-alloy quality & engineering steel. With close to 10,000 employees at its own production and distribution companies in over 30 countries across five continents, the Company supports and supplies its customers around the globe and offers them a full product portfolio from Production and Sales & Services. They benefit from the Company's technological expertise, consistently high product excellence across the globe, and in-depth knowledge of local markets.


End of ad hoc announcement

Language:

English

Company:

Swiss Steel Holding AG

Landenbergstrasse 11

6005 Luzern

Switzerland

Phone:

+41 41 581 41 23

E-mail:

a.beeler@swisssteelgroup.com

Internet:

www.swisssteel-group.com

ISIN:

CH0005795668

Listed:

SIX Swiss Exchange

EQS News ID:

1199111


 

End of Announcement

EQS Group News Service

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