M&A Activity • Apr 7, 2016
M&A Activity
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers/Contracts
Status change regarding ad-hoc release from 7 December 2015
The Management Board of STRABAG SE announces that the share price agreement has been concluded with all minority shareholders of Ed. Züblin AG, based in Stuttgart, Germany, over their combined 42.74 % stake in the company. The 100 % subsidiary Ilbau Liegenschaftsverwaltung GmbH now holds 94.9 % of the shares of Ed. Züblin AG. The remaining shares were acquired by a core shareholder of STRABAG SE. The signing took place yesterday evening, 6 April 2016. The agreement will be carried out directly through the corresponding bank transactions.
The buyers have agreed a fixed strike price in the amount of EUR 210.3 million. The agreement also includes a provision for a variable purchase price portion of up to EUR 114 million, to be determined depending on the respective net income after minorities of Ed. Züblin AG in each of the years 2015 to 2019.
Further inquiry note: STRABAG SE
Marianne Gruber
Corporate Communications
Tel: +43 1 22422-1174
[email protected] Attachments with Announcement:
http://resources.euroadhoc.com/us/ohw1ts1s
http://resources.euroadhoc.com/us/SDLxDf2C
| issuer: | STRABAG SE |
|---|---|
| Donau-City-Straße 9 | |
| A-1220 Wien | |
| phone: | +43 1 22422 -0 |
| FAX: | +43 1 22422 - 1177 |
| mail: | www.strabag.com |
| WWW: | [email protected] |
| sector: | Construction & Property |
| ISIN: | AT000000STR1, AT0000A05HY9 |
| indexes: | WBI, ATX Prime, ATX, SATX |
| stockmarkets: official market: Wien | |
| language: | English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service
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