Kloeckner & Co SE

M&A Activity • Dec 8, 2020

News Details

Ad-hoc | 8 December 2020 21:26

Klöckner & Co SE: No offer for Klöckner & Co by Apollo/Swoctem

Klöckner & Co SE / Key word(s): Miscellaneous

Klöckner & Co SE: No offer for Klöckner & Co by Apollo/Swoctem

08-Dec-2020 / 21:26 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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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.

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08-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Klöckner & Co SE
	Am Silberpalais 1
	47057 Duisburg
	Germany
Phone:	+49 (0)203 / 307-0
Fax:	+49 (0)203 / 307-5000
E-mail:	info@kloeckner.com
Internet:	www.kloeckner.com
ISIN:	DE000KC01000
WKN:	KC0100
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1153770

End of Announcement	DGAP News Service