History

2006 Klöckner & Co goes public on June 28, 2006.
On September 6, 2006, the Group is listed in the German Stock Exchange’s (Deutsche Börse) SDAX index.

2007 Admission to the MDAX on the Deutsche Börse is finalized on January 29, 2007.

In April the American private-equity firm Lindsay, Goldberg & Bessemer sells its last holdings in Klöckner. Since then free float is 100%.

The first Annual General Meeting following the successful IPO is held on June 20, 2007.

On July 27, 2007, Klöckner & Co issues EUR 325 million of convertible bonds to further optimize the Group’s financing structure.

2008 In April 2008, Ulrich Becker is appointed to Klöckner & Co AG’s Management Board. He has operating responsibility for all European activities and for Klöckner Global Sourcing GmbH. He has functional responsibility for the Logistics segment, Process Management and for International Product Management/Procurement.

The second Annual General Meeting since the IPO is held on June 20, 2008. On August 8, 2008, Klöckner & Co AG is converted into a European Company (SE = Societas Europaea).

In October 2008, in response to the deepening financial crisis, Klöckner & Co initiated a program of urgent measures called "Wave 1":

The program of urgent measures includes the temporary suspension of acquisitions, cost-cutting, debt reduction and working capital as security for Group financing.