Klöckner : Kloeckner & Co has triple-digit mln eur M&A war chest - CEO
08/14/2020 | 03:53am EDT
Metals trader Kloeckner & Co has at least 100 million euros ($118 million) to spend on acquisitions in the next few years, its chief executive told journalists in a call discussing second-quarter results.
Gisbert Ruehl, who will next year hand over the reins to former Thyssenkrupp boss Guido Kerkhoff, said the group was scanning the market in Europe and the United States, not elaborating further.
(Reporting by Christoph Steitz; Editing by Riham Alkousaa)