Klöckner & Co SE

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

• Klöckner & Co to hold 77.3 percent stake in Metalsnab Holding AD, Bulgaria • Assumption of a major market position in Bulgaria

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merger, acquisition and takeover

Duisburg (euro adhoc) - 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

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ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.de

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

Weitere Meldungen: Klöckner & Co SE

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