Hierros Anon SA acquired the Spanish activities of Klöckner & Co SE.

Hierros Anon SA acquired the Spanish activities of Klöckner & Co SE (XTRA:KCO) on January 20, 2017. The deal includes Klöckner & Co’s Spanish subsidiaries including the operating business unit, Kloeckner Metals Ibérica. The Kloeckner Metals Ibérica Group generated sales of €120 million in the past fiscal year. The deal is subject to the approval of the competition authorities and is expected to close during the first half of 2017. Jaime Velázquez and Pablo Murcia of Clifford Chance S.L.P acted as a legal advisors to Klöckner & Co SE. Hierros Anon SA completed the acquisition of the Spanish activities of Klöckner & Co SE (XTRA:KCO) on January 20, 2017.