Kloeckner slips after it agrees to buy National Material of Mexico

Kloeckner & Co SE

20/12/2022 07:52

** Shares of Kloeckner  KCOGn.DE  slip 3% in early trade
after the German metals trader has agreed to buy North American
steel distributor National Material of Mexico for $340 million
    ** "Big acquisition, KCO might need money for," a local
trader says
    ** Stock seen at the bottom of Germany's small-cap index
 .SDAXI 
    ($1 = 0.9433 euros)
 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))