Klöckner says delisting deal with Worthington Steel streamlines structure, boosts strategic flexibility

Worthington Steel holds about 62%; post-delisting trading liquidity is expected to drop sharply, with reduced disclosure obligations.

Worthington Steel also flagged a possible domination and profit and loss transfer agreement, which could later trigger separate cash compensation for minorities.

Klöckner & Co backed a planned integration with Worthington Steel, citing simpler structures and greater strategic flexibility as a result of delisting.

The boards issued a neutral stance on the €11 per-share delisting offer, citing limits on recommending acceptance or rejection.

The offer has no conditions; delisting is expected to take effect immediately when the acceptance period ends on Aug. 12, 2026.