History

2009 In March 2009, "Wave 2" of the program of urgent measures is introduced. The cost-oriented program builds on "Wave 1" of the program of urgent measures, which was instituted in October 2008.

On June 9, 2009, the Company issues EUR 97.9 million of five-year convertible bonds. Klöckner & Co plans to use the proceeds for general business purposes and later for pursuing its proposed external growth strategy.

In September, Klöckner & Co carries out a capital increase of 20 million registered shares with gross proceeds of EUR 200 million.

With the funds raised by the capital increase, Klöckner & Co plans, among other things, to pursue the industry-consolidation strategy it has followed since its IPO in 2006.

Effective November 1, 2009 Gisbert Rühl takes over from Dr. Thomas Ludwig as Chairman of the Management Board of Klöckner & Co SE. In addition to his role as Chairman of the Management Board (CEO), Rühl will also serve as Chief Financial Officer (CFO). Ulrich Becker will take over as Chief Operating Officer (COO).