Post by Klöckner & Co SE

A new chapter. A shared future. Today, Worthington Steel announced the successful closing of its takeover offer for all shares of Klöckner & Co SE. With all regulatory approvals obtained, the transaction is now complete. After completion of further share acquisitions, Worthington Steel will hold approximately 62% of all outstanding Klöckner & Co SE shares. This marks the end of a process that began with a shared vision, and the beginning of something new. As part of a strong international group, we are well-positioned to drive our strategy forward: a clear focus on higher value-added products and services, with expanded reach across Europe and North America. What comes next: Together with Worthington Steel, we will now initiate the process of growing closer as one group, building on the complementary strengths that made this partnership the right step. Simultaneously, Worthington Steel has announced its intention to launch a delisting offer for all remaining outstanding Klöckner & Co SE shares. Once available, the Management and Supervisory Boards will review the delisting offer document and provide a response statement in accordance with their legal obligations. We are convinced that together with Worthington Steel, we can achieve more than we could have done alone, for our customers, our employees and the future of our business. Full details: https://lnkd.in/dRsKvU26