KLÖCKNER & CO ACQUIRES MAJORITY OF SWISS REINFORCING STEEL SPECIALIST RIEDO BAU + STAHL AG
Duisburg, Germany, March 04, 2014 – Via its Swiss country organization, Debrunner Koenig Holding AG, St. Gallen, Klöckner & Co has purchased 75% of the Swiss reinforcing steel specialist Riedo Bau + Stahl AG. The share purchase contract concluded today provides for the company to be acquired in full within two years. Operating from three locations with a workforce of around 180, Riedo Bau + Stahl AG produces and sells reinforcing steel for customers in Switzerland. The company generated sales of just under €140 million in 2013. The transaction is still subject to normal closing conditions but has already been approved, with a different transaction structure, by the Swiss Competition Commission. The modified transaction structure will be subsequently reported to the Competition Commission and is not likely to change the approval decision.
Issuer: Klöckner & Co SE, Am Silberpalais 1, 47057 Duisburg, Germany
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 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.
Contact person Klöckner & Co SE:
Christian Pokropp – Press Spokesperson
Head of Investor Relations & Corporate Communications
Telephone: +49 (0) 203-307-2050
Fax: +49 (0) 203-307-5025