EANS-News: Klöckner & Co SE: Successful completion of takeover of the Becker Stahl-Service Group
Duisburg (euro adhoc) -
Successful acquisition of one of the worlds largest and most modern steel service centers
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Mergers - Acquisitions - Takeovers
Subtitle: Successful acquisition of one of the worlds largest and most modern steel service centers
Duisburg, March 1, 2010 - After Klöckner & Co SE had signed a preliminary agreement for the acquisition of the Becker Stahl-Service Group of Bönen, Germany, on November 11, 2009, the Becker Stahl-Service acquisition was successfully finalized today. The European Commission had already approved Klöckner & Co SE´s acquisition of the Becker Stahl-Service Group during the past week.
The Becker Stahl-Service Group is one of the largest steel service center companies in Europe. Located in Bönen, in the German state of North Rhine-Westphalia, it operates one of the largest and most modern steel service centers in the world.
About Klöckner & Co Klöckner & Co is the largest producer-independent 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 185,000 active customers are supplied through around 250 distribution locations by around 9,200 employees in 15 countries in Europe and North America. During the financial year 2008, the Company achieved sales of approximately EUR6.7 billion. The shares of Klöckner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment to the regulated market with further post-admission obligations (Prime Standard). Klöckner & Co shares are listed in the MDAX® Index of Deutsche Börse. ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.
end of announcement euro adhoc
Further inquiry note:
Dr. Thilo Theilen - Head of Investor Relations &
Corporate Communications
Phone: +49 (0) 203-307-2050
E-Mail: thilo.theilen@kloeckner.de
Claudia Uhlendorf - Spokesperson
Phone: +49 (0) 203-307-2289
E-mail: claudia.uhlendorf@kloeckner.de
Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade