21
Mar
16:18
Klöckner’s largest shareholder secures 30%
Within a matter of days of its public takeover offer, the main shareholder in Klöckner & Co SE has secured 30% in the German steel distribution group.
Swoctem, the investment vehicle of entrepreneur Friedhelm Loh, issued a voluntary public takeover offer at the beginning of last week for the distributor’s whole issued share capital (see Kallanish 13 March). Klöckner’s board welcomed the fact that Loh’s announcement underlines his in…
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Anonymous
Very good overview of the weekly steel market.
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