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Klöckner & Co Confirms Talks With Worthington Steel on Potential Takeover

A due‑diligence review is under way, pending a decision on whether to lodge a voluntary public offer for all shares.

Overview

  • The SDax-listed company disclosed the negotiations in an ad‑hoc statement and said Worthington is examining its books.
  • Klöckner reported higher volumes but lower revenues in the first nine months of 2025, narrowing its net loss to €38 million from €55 million a year earlier.
  • Management has prioritized North America, generating roughly 60% of sales in the United States and targeting regional leadership by 2030.
  • Klöckner posted €6.6 billion in revenue in 2024 and employs about 6,600 people.
  • No terms have been set, with reporting citing Worthington’s market value near $1.8 billion and Klöckner’s capitalization around €600 million after a multiyear share-price slide.