Ad-hoc-releases

The French anti-trust authority (DGCCRF) announced today that it has imposed fines totaling almost €600 million on French steel distributors. KDI SAS (a subsidiary of Klöckner & Co SE) was fined €169 million. ...

Acting through its Swiss subsidiary Debrunner Koenig Holding (DKH), Klöckner & Co AG has signed a contract to sell Koenig Verbindungstechnik (KVT) to private equity company Capvis. The sale price totals approximately €325 million, resulting in a book profit after taxes of about €265 million. The transaction is subject to approval by the antitrust authorities. ...

Despite a cooling global economy, Klöckner & Co achieved a result during the first half of 2008 that significantly exceeds market expectations, preliminary figures show. The preliminary operating result (Earnings before interest, taxes, depreciations and amortizations; EBITDA) totals €310 million, about €115 million above the same figure last year of €195 million. ...