On October 3, 2024, voestalpine AG issued a fixed-interest green bond of EUR 500.0 million. The bond will be redeemed in October 2029 and carries an annual interest rate of 3.750%. The entire proceeds of the issue will be used to finance sustainable voestalpine projects, such as greentec steel.
On October 18, 2024, the management decision to restructure the Automotive Components business segment of the Metal Forming Division (for further details, see Chapter Impairment losses and reversal of impairment losses) was communicated to the workforce. The estimated financial impact of the obligation resulting from the resolution is around EUR 30.0 million. This mainly comprises costs in connection with redundancy plans.
On October 22, 2024, the signing in the sales process for the German Group subsidiary Buderus Edelstahl took place (see Chapter Disposal Group).