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Klöckner & Co SE

Klöckner & Co ready for listing on the stock exchange

Duisburg (ots)

The steel and metal distribution company,
Klöckner & Co AG, is aiming for a listing on the Prime Standard of
the Frankfurt Stock Exchange before the summer break. This will be
subject to a favourable capital market environment. "We have
thoroughly examined this step. A direct access to the capital market
opens up additional flexibility for the future development of our
company", said the Chairman of the Management Board Dr. Thomas
Ludwig. The private equity firm Lindsay Goldberg & Bessemer (LGB)
plans to keep approx. 50 % of the shares after the IPO.
The company will provide additional details on its IPO plans at a
later date.
About Klöckner & Co:
Klöckner & Co is the largest producer-independent steel and metal
distributor 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 240 distribution
locations in 14 countries in Europe and North America.
Klöckner & Co was founded 100 years ago by Peter Klöckner. During
the financial year 2005 the company achieved sales of approx. 5
billion Euros with around 10,000 employees. Klöckner & Co AG is
controlled 100 per cent by Lindsay Goldberg & Bessemer (LGB).
Contacts:
Peter Ringsleben, Claudia Uhlendorf - Corporate communication
Klöckner & Co AG
Am Silberpalais 1
47057 Duisburg
Peter Ringsleben         
Tel: +49-203-307-2800    
Fax: +49-203-307-5060      
Email:  peter.ringsleben@kloeckner.de
Claudia Uhlendorf
Tel: +49-203-307-2289
Fax: +49-203-307-5103
Email:  claudia.uhlendorf@kloeckner.de
These materials are not for distribution, directly or indirectly, in
or into the United States (including its territories and outlying
areas, any State of the United States and the District of Columbia).
These materials do not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities. The shares in
Klöckner & Co AG (the "Shares") mentioned herein may not be offered
or sold in the United States absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the
"Securities Act"). The Shares have not been, and will not be,
registered under the Securities Act and will not be publicly offered
anywhere outside Germany. The public offer in Germany will be made
exclusively by means of and on the basis of a prospectus to be
published. The securities prospectus will be available free of charge
at a date yet to be specified.
This press release does not constitute an offer of securities to the
public in the United Kingdom. This press release is directed only at
(i) persons who have professional experience in matters relating to
investments and who fall within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order") or (ii) persons falling within Article 49(2)(a) to (d) (high
net worth companies, unincorporated associations, etc.) of the Order
or to whom it may otherwise lawfully be communicated (all such
persons together being referred to as "relevant persons") or in
circumstances in which section 21 of the FSMA does not apply to the
Company. Any person who is not a relevant person must not act or rely
on this communication or any of its contents.  Any investment or
investment activity to which this communication relates is available
only to relevant persons and will be engaged in only with relevant
persons.

Original content of: Klöckner & Co SE, transmitted by news aktuell