DUISBURG, Germany, February 19, 2013 /PRNewswire/ --
Klöckner & Co was notified yesterday that Interfer Holding GmbH, a portfolio company of the Dr. Albrecht Knauf family, acquired 7.8 million ordinary shares in Klöckner & Co SE. That represents 7.82% of the total share capital. According to a statement issued by Interfer, the stake in Klöckner & Co represents a strategic investment.
Klöckner & Co sees itself strategically well positioned and has recovered from the temporary economic weakness, supported by a comprehensive restructuring program, also reflected in recent months' share price performance.
About Klöckner & Co:
Klöckner & Co is the largest producer-independent distributor of steel and metal products and one of the leading steel service center companies in the European and American markets combined. The core business of Klöckner & Co is the warehousing and distribution of steel and non-ferrous metals as well as the operation of steel service centers. Based on the Group's distribution and service network, more than 170,000 customers are supplied through around 260 locations in 19 countries. Currently Klöckner & Co employs around 11,000 employees. The Group had sales of around EUR 7.1 billion in fiscal 2011.
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.
Further inquiry note: Contact: Dr. Thilo Theilen - Press Spokesperson Head of Investor Relations & Corporate Communications Telephone: +49(0)203-307-2050 Fax: +49(0)203-307-5025 Email: email@example.com
Felix Schönauer Telephone: +49(0)203-307-2285
SOURCE Klöckner & Co SE