Sulzer CEO says has means for acquisitions-paper

by Blogburger on July 1, 2012

The logo of Swiss engineering group Sulzer AG is seen at an office building in the town of Winterthur north of ZurichZURICH (Reuters) – Swiss engineering group Sulzer is looking for acquisitions and has the financial firepower to spend in the range of 1 billion Swiss francs ($ 1.06 billion), the company's chief executive was quoted as saying on Sunday. "We have sufficient means to carry out large acquisitions – be it through cash or bank credit lines," Klaus Stahlmann who took over as CEO four months ago, told the Sonntagszeitung newspaper in an interview. "Sulzer has a strong balance sheet and can therefore also make large acquisitions in the range of 1 billion Swiss francs," he said. …

Business News Headlines – Yahoo! News

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