Apollo & Swoctem Retract from Klockner & Co Bid
Klockner & CoKlockner & Co

Apollo & Swoctem Retract from Klockner & Co Bid

In response to market rumours that Apollo and Swoctem GmbH are working on an indication of interest in the acquisition of up to 100% of the shares of the

In response to market rumours that Apollo and Swoctem GmbH are working on an indication of interest in the acquisition of up to 100% of the shares of the company, Klockner & Co SE said “Apollo & Swoctem had submitted a non binding indication of interest to the company, but have retracted confirming that they will not pursue the transaction further at this stage.”

Irrespective of these developments, Klöckner & Co continues to implement the successful Surtsey project, which is focused on accelerating Klockner & Co’s digital transformation and fostering restructuring initiatives.

Klockner & Co SE with headquarters in Duisburg in Germany is a listed, producer-independent steel and metal distributor. Klockner's core business is the sale of steel and non ferrous metals. With an established distribution network and some 150 locations, the Group serves more than 100,000 customers in 13 countries.

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