Money Injection for Crisis-Ridden Fiber Manufacturer Lenzing
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4 Articles
The Annual General Meeting of Fiber Manufacturing Lenzing from Upper Austria has approved a capital increase of 300 million euros. With the fresh money and a new strategy the way out of the crisis is to succeed. In addition, there is a "new one" on the Supervisory Board. The conversion of the fiber manufacturer from Lenzing is progressing: On Tuesday, the extraordinary general meeting has decided to raise capital of around 300 million euros. Onc…
LENZING. The money - 300 million euros to bring the capital increase - is also intended to support the implementation of the new Lenzing strategy.
At an extraordinary general meeting of the publicly listed Upper Austrian fiber manufacturer Lenzing on Tuesday, a capital increase of approximately €300 million was approved, as announced. The company stated that a total cash injection of €600 million will support its "Grow Nonwovens, Reset Textiles" strategy. Lenzing plans to finance the remaining €300 million through debt financing.
EQS-News: Lenzing AG / Key word(s): Miscellaneous Extraordinary General Meeting decides capital increase to strengthen the financial structure and implement the strategic realignment 25.08.2026 / 13:03 CET/CEST The issuer is solely responsible for the content of this announcement.
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