newsfilter
← Latest News
Business Wire·

Worthington Steel Signs Domination and Profit and Loss Transfer Agreement with Kloeckner & Co SE

WS
  • Worthington Steel signed a domination and profit and loss transfer agreement (DPLTA) with Kloeckner & Co SE via its subsidiary Worthington Steel GmbH.
  • The agreement follows Worthington's completed voluntary public takeover offer for Kloeckner on June 3, 2026, and Kloeckner's subsequent delisting from the Frankfurt Stock Exchange on August 12, 2026.
  • The DPLTA requires approval by at least 75% of Kloeckner's share capital represented at an extraordinary general meeting scheduled for October 23, 2026.
  • Upon shareholder approval \& completion of required steps, the DPLTA will become effective upon registration at the earliest on January 1, 2027.
  • Documents regarding the DPLTA will be available on www.strong-for-good.com following the publication of the invitation to the Kloeckner general meeting.
  • Worthington Steel operates 37 facilities across seven states \& 10 countries with approximately 6,000 employees.
  • Kloeckner & Co operates around 110 locations primarily in North America \& the DACH region, employs over 6,000 people, \& reported sales of €6.4 billion in fiscal year 2025.