Klöckner trying to sell Brazilian steel distribution arm

Germany-based steel distributor Klöckner & Co is looking for a potential buyer for its Brazilian arm, several sources have told Metal Bulletin.

The company has hired advisory firm Clairfield to seek an investor to purchase its assets in the country, according to sources and a document seen by Metal Bulletin.

The decision comes after Klöckner developed a plan to focus on business with higher margins, and its Brazilian operation does not fit...

Published

Felipe Peroni

January 11, 2018

15:04 GMT

São Paulo