No offer for Klöckner & Co by Apollo/Swoctem

Duisburg, Germany, December 8, 2020, 9:26pm – In response to market rumours that Apollo and Swoctem GmbH are working on an indication of interest in the acquisition of up to 100% of the shares of the company, the company states as follows: Apollo/Swoctem have submitted a non-binding indication of interest to the company, but have retracted it vis-à-vis the company today, confirming that they will not pursue the transaction further at this stage. Irrespective of these developments, Klöckner & Co continues to implement the successful Surtsey project, which is focused on accelerating Klöckner & Co’s digital transformation and fostering restructuring initiatives.