Worthington Steel signs domination and profit transfer pact with Kloeckner & Co

Reuters2026/09/08 20:06

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Worthington Steel signed a domination and profit and loss transfer agreement with Kloeckner & Co via its wholly owned unit, Worthington Steel GmbH.
The agreement follows Worthington Steel’s takeover offer for Kloeckner, completed on June 3, 2026.
Kloeckner’s delisting from the Frankfurt Stock Exchange took effect on August 12, 2026.
A shareholder vote is expected on October 23, 2026, with 75% support required for adoption.
If passed, the agreement is set to take effect upon registration, no earlier than January 1, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worthington Steel Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609081605BIZWIRE_USPR_____20260908_BW976726) on September 08, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Worthington Steel signs domination and profit transfer pact with Kloeckner & Co

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