Worthington Steel in talks to buy Germany's Kloeckner & Co

Worthington Steel

06/12/2025 17:28

FRANKFURT, Dec 6 (Reuters) - U.S.-based Worthington Steel WS.N is in negotiations with German metals trader Kloeckner & Co KCOGn.DE about a potential voluntary takeover bid, the two companies said on Saturday.

"No investment decision has been made now and the discussions may not result in a transaction," Worthington Steel said.

Kloeckner & Co has a current market capitalisation of 605 million euros ($704 million).

($1 = 0.8590 euros)

 (Reporting by Christoph Steitz; Editing by Kevin Liffey)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))