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voestalpine Intends to Strengthen Equity Capital Base
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Published: January 27, 2011; 00:25 ♦ (Vindobona)
The Austrian steel company plans to make itself more independent from debt. In spite of growing profits, investments remain low.
voestalpine Intends to Strengthen Equity Capital Base / Picture: © Voestalpine AG
According to the company´s CFO Robert Ottel, voestalpine expects to face more restrictive bank lending. This tendency is due to the Basel-III directives. As a result, conditions for take up loans will be worse in future. “We try to refinance the company more via the equity market and less via the financial market.”, Ottel says.
Currently, voestalpine´s debt consists of 55%…
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