Kloeckner & Co SE

M&A Activity • Mar 4, 2014

News Details

Ad-hoc | 4 March 2014 15:15

Klöckner & Co acquires majority of Swiss reinforcing steel specialist Riedo Bau + Stahl AG

Klöckner & Co. SE / Key word(s): Acquisition

04.03.2014 15:15

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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
EUR140 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(R)-Index of
Deutsche Börse.

ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.

04.03.2014 DGAP's 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
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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