Klöckner & Co AG further increases shareholding in the Swiss country operation
Duisburg (euro adhoc) -
Klöckner & Co now holds 98% of the shares in Debrunner Koenig Holding AG
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Duisburg, January 16, 2008 - Klöckner & Co Aktiengesellschaft has acquired a further 20% of the shares in Debrunner Koenig Holding AG. With these additional shares, Klöckner & Co now holds 98% of all shares in the Swiss subsidiary Debrunner Koenig Holding. In May 2007, Klöckner & Co had already increased its share in Debrunner Koenig Holding by 18% to 78%. "By again increasing our shareholding, we have now almost fully acquired the highly profitable Swiss company Debrunner Koenig Holding. This is another major success for our growth strategy," said Dr. Thomas Ludwig, Chairman of the Management Board of Klöckner & Co AG.
Together with its subsidiaries Debrunner Acifer, Koenig Feinstahl, Koenig Verbindungstechnik and Alu Menziken, Debrunner Koenig Holding AG is a leading company in the multi metal distribution, reinforcement and construction engineering, technical product and fastening engineering sectors in Switzerland, employing more than 1,700 people.
About Klöckner & Co AG:
Klöckner & Co is the largest independent producer and distributor of steel and metal products in the European and North American markets combined. The core business of the Klöckner & Co Group is the storage and distribution of steel and non-ferrous metals. About 200,000 active customers are supplied through approximately 250 distribution locations in 15 countries in Europe and North America.
Klöckner & Co was founded more than 100 years ago by Peter Klöckner. During the financial year 2006, the Company achieved sales of approximately EUR5.5 billion with around 10,000 employees.
The shares of Klöckner & Co Aktiengesellschaft are admitted to trading on the official market segment (Amtlicher Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment (Prime Standard) to the official market with further post-admission obligations. ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576. Klöckner & Co shares have been listed in the MDax® Index of Deutsche Börse since the end of January 2007.
Contact persons: Klöckner & Co AG Am Silberpalais 1 47057 Duisburg, Germany
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications Peter Ringsleben Phone: +49-203-307-2800 Fax: +49-203-307-5060 E-mail: peter.ringsleben@kloeckner.de
Claudia Uhlendorf Phone: +49-203-307-2289 Fax: +49-203-307-5103 E-mail: claudia.uhlendorf@kloeckner.de
Claudia Nickolaus - Investor Relations
Claudia Nickolaus Phone: +49-203-307-2050 Fax: +49-203-307-5025 E-Mail: claudia.nickolaus@kloeckner.de
end of announcement euro adhoc
Further inquiry note:
Nadine Hagemus
Phone: +49 (0)203 307 2288
email: nadine.hagemus@kloeckner.de
Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: MDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
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Börse München / free trade