Sulzer CEO says has means for acquisitions-paper

by Blog Burger 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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