27.01.2017
Klöckner & Co SE DE000KC01000
DGAP-News: Klöckner & Co sells Spanish activities to Hierros Añon:
DGAP-News: Klöckner & Co SE / Key word(s): Disposal
Klöckner & Co sells Spanish activities to Hierros Añon:
27.01.2017 / 13:03
The issuer is solely responsible for the content of this announcement.
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Duisburg, Germany, January 27, 2017 - As part of the One Europe strategy to
further concentrate on its core markets, Klöckner & Co SE sells its Spanish
activities to Hierros Añon S.A. based in A Coruña, Spain. An agreement on
the sale and purchase of Klöckner & Co's Spanish subsidiaries including the
operating business unit, Kloeckner Metals Ibérica S.A., has been signed by
the two companies. The closing of the transaction took place today. With
its approximately 350-strong workforce, the Kloeckner Metals Ibérica Group
generated sales of EUR120 million in the past fiscal year, accounting for
roughly 2% of Klöckner & Co Group sales. The Kloeckner Metals Ibérica
Group's earnings before taxes (EBT) was most recently negative due to the
continued difficult economic environment in Spain. Net debt of Klöckner &
Co is expected to come down significantly by the expected cash inflow from
the sale.
Gisbert Rühl, CEO of Klöckner & Co SE: "As part of our One Europe program
we focus more and more on our core markets to improve our profitability.
With the sale of our business in Spain we are consequently implementing
this strategy."
About Kloeckner Metals Ibérica:
Kloeckner Metals Ibérica is a specialist for iron, steel and aluminum
products in Spain. Alongside procurement, stockholding and logistics, the
Group also provides a wide range of processing services. With 24
distribution and service centers in Spain and shipments totaling some
180,000 tons a year, the Group generated sales of EUR120 million in 2016.
Kloeckner Metals Ibérica currently has a workforce of approximately 350.
About Klöckner & Co:
Klöckner & Co is one of the largest producer-independent distributors of
steel and metal products and one of the leading steel service center
companies worldwide. Based on its distribution and service network of
around 180 locations in 13 countries, the Group supplies more than 140,000
customers. In addition to companies in the construction industry as well as
machinery and mechanical engineering, Klöckner & Co serves customers in the
automotive and chemical industry, in shipbuilding and in fields of
household appliances, consumer goods and energy. Currently Klöckner & Co
has around 8,700 employees. The Group had sales of around EUR6.4 billion in
fiscal 2015.
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 SDAX(R)-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
Phone: +49 203 3072050
Fax: +49 203 3075025
Email: [email protected]
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27.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
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
End of News DGAP News Service
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539269 27.01.2017
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