Extremely Wealthy
Billionaire Group Pledges as Much as Needed to Save Schmolz
An investment holding company linked to Russian billionaire Viktor Vekselberg pledged to invest “as much money as necessary” in Schmolz + Bickenbach AG to avert a restructuring of the ailing Swiss steelmaker’s $800 million debt pile. Liwet Holding AG, which holds a 26.9% stake in Schmolz, said in a statement…
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Click here to read the full story: Bloomberg