Investcorp converts Icopal loan into equity

Icopal's chief finance officer Christian Schmidt-Jabosen says clients and suppliers will react positively to the move, while stressing that the company continues to have a DKK 5bn (€672.3million) bank debt and is facing a tough trading year ahead. Schmidt-Jacobsen believes Investcorp’s loan conversion to equity will improve Icopal's solidity and give the market a sign of confidence in the company.