Shareholders believe in Slim Aluminium

 

Shareholders believe in Slim Aluminium

Shareholders believe in Slim Aluminium

The shareholders of Slim Aluminium S.p.A. – represented by strong, international and institutional investors – today announced that they will expand their financial support to Slim. 

Since the beginning of the covid-19 pandemic, Slim’s shareholders committed substantial Working Capital financing to the company.  On top of this already implemented, financial support, Slim’s shareholders have authorized an additional 12m EUR recapitalization of Slim. The majority of funds will be injected as capital in Slim and some of the funding will be used for supplier guarantees and letter of credits.

The capital increase, together with the supplier guarantees, aim to strengthen the Company’s balance sheet, to secure the company’s continued growth, and to give the company the needed liquidity to continue its development despite the ongoing pandemic and difficult financial environment.

 

“The capital increase shows that the shareholders have full confidence in the company’s board of directors and management, and that we want to support the convincing operational and financial improvements achieved in recent months”, says Steffen Goerig, CEO and founder of Quantum Capital Partners, the company which manages the funds holding 100% of the shares in Slim Aluminium S.p.A.

Thomas Witte, CEO of Slim expressed his satisfaction with the actions taken by the owners and added: “Improving the financial strength of the company creates ideal conditions for a continued development of the business towards more ambitious goals and further sends a strong signal of confidence to our customers and suppliers”.

Slim Aluminium S.p.A. has overcome unprecedented  covid-pandemic obstacles and plans to continue its profitable start to 2021 by delivering continued positive financial results.

 

Cisterna di Latina, March 12, 2021