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Klöckner & Co SE

Klöckner & Co AG acquires majority in Metalsnab Holding AD, a Bulgarian steel and metal distributor

Duisburg (euro adhoc) -

•	Klöckner & Co to hold 77.3 percent stake in Metalsnab Holding AD, 
Bulgaria •	Assumption of a major market position in Bulgaria
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
merger, acquisition and takeover
Duisburg, August 17, 2007 - Klöckner & Co
Aktiengesellschaft has acquired the majority in the distribution 
company Metalsnab Holding AD, based in Sofia, Bulgaria, thus 
obtaining a major market position in the area of steel and metal 
distribution in Bulgaria. "Bulgaria is a growing, very interesting 
market in Eastern Europe. The acquisition of the majority holding in 
Metalsnab Holding is thus an important step in advancing our 
activities in Eastern Europe," stated Dr. Thomas Ludwig, CEO at 
Klöckner & Co AG.
Klöckner & Co AG signed an agreement to buy 70 percent of the shares 
in Metalsnab Holding AD, Bulgaria. Klöckner & Co AG already holds a 
further 7.3 percent stake. Thus Klöckner & Co will hold 77.3 percent 
of the shares in the distribution company Metalsnab Holding. The 
remaining shares stay with the original shareholders. The acquisition
is subject to approval from the Bulgarian anti-trust authorities.
In 2006, the steel and metal distributor, Metalsnab Holding, 
generated sales of EUR 36 million with some 250 employees. Important 
product groups of the distribution company are long products, flat 
steel and tubes. The company is headquartered in Sofia, with seven 
operative warehouses across Bulgaria covering the important 
industrial locations of the country. The company´s main customers are
the construction industry, machinery and mechanical engineering.
About Klöckner & Co AG: Klöckner & Co is the largest independent 
producer and distributor of steel and metal products in the European 
and North American markets combined. The core business of the 
Klöckner & Co Group is the storage and distribution of steel and 
non-ferrous metals. About 200,000 active customers are supplied 
through approximately 250 distribution locations in 15 countries in 
Europe and North America. Klöckner & Co was founded more than 100 
years ago by Peter Klöckner. During the financial year 2006, the 
Company achieved sales of approximately EUR5.5 billion with around 
10,000 employees. The shares of Klöckner & Co Aktiengesellschaft are 
admitted to trading on the official market segment (Amtlicher Markt) 
of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with 
simultaneous admission to the sub-segment (Prime Standard) to the 
official market with further post-admission obligations. ISIN: 
DE000KC01000; WKN: KC0100; Common Code: 025808576. Since the end of 
January 2007, Klöckner & Co shares are included in the Deutsche Börse
MDAX® Index.
Contacts:
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
Klöckner & Co AG
Am Silberpalais 1
D - 47057 Duisburg
Peter Ringsleben
Phone: +49-203-307-2800
Fax: +49-203-307-5060
E-mail:  peter.ringsleben@kloeckner.de
Claudia Uhlendorf
Phone: +49-203-307-2289
Fax: +49-203-307-5103
E-mail:  claudia.uhlendorf@kloeckner.de
end of announcement                               euro adhoc 17.08.2007 17:33:32

Further inquiry note:

Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, MDAX
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

Original-Content von: Klöckner & Co SE, übermittelt durch news aktuell

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