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Article: Germany : Kloeckner Plans 200 Euro-Million Capital Boost; Shares Fall.

Article from:
TendersInfo
Article date:
September 5, 2009
Copyright

Byline: babalu03

Kloeckner & Co. SE fell as much as 9.6 percent in Frankfurt trading after the German steel trader said it plans to raise about 200 million euros ($285 million) by selling new shares.

Proceeds will be used for acquisitions once the economic situation improves and to cover higher working-capital requirements resulting from a recovery, the Duisburg-based company said in a statement to the stock exchange.

Bookrunners for the share sale will be Deutsche Bank AG, JPMorgan Chase & Co., Barclays Bank Plc, ABN Amro Bank NV and Commerzbank AG, ...

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