What changed
Worthington Steel signed a domination and profit and loss transfer agreement with Kloeckner & Co SE via its wholly owned subsidiary Worthington Steel GmbH. The agreement follows Worthington Steel's voluntary public takeover offer completed June 3, 2026, and Kloeckner's delisting from the Frankfurt Stock Exchange effective August 12, 2026. Kloeckner shareholders representing at least 75% of share capital must approve the agreement at an extraordinary general meeting expected on October 23, 2026. If approved and registered, the agreement becomes effective at the earliest on January 1, 2027.