Mutares SE & Co. KGaA

M&A Activity • Feb 15, 2017

News Details

Corporate | 15 February 2017 16:43

mutares sells EUPEC Germany

DGAP-News: mutares AG / Key word(s): Private Equity/Disposal

15.02.2017 / 16:43

The issuer is solely responsible for the content of this announcement.

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mutares AG (ISIN: DE000A0SMSH2) has sold EUPEC Germany to the Wasco Group for EUR 19.5m. The operating business of EUPEC France remains within the mutares Group.

EUPEC Germany is a non-operating company that owns a concrete weight coating plant for gas pipelines in Mukran, Germany. mutares has sold the company for EUR 19.5m to the Malaysian Wasco Group which will utilize the plant for the “Nord Stream 2” project. Through earn-out payments until 2019, the purchase price can rise up to EUR 32m in total.

Robin Laik, CEO of mutares, comments: “After long negotiations we are glad to have reached a satisfying solution for both sides. We want to make use of our current tailwind to further develop and grow our business to reach our very ambitious targets.”

The operating business of EUPEC France, which generated revenues of EUR 72m and operating earnings of EUR 13m in 2015 by coating oil and gas pipelines, remains a part of the mutares Group. EUPEC France was hit by the downturn of the oil and gas market in 2016, but expects for 2017 a stabilization in a slightly growing market.

Company profile of mutares AG

mutares AG, Munich (www.mutares.de), acquires companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The shares of mutares AG are listed on the Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A0SMSH2).

For further information, please contact:

mutares AG

Soh-Pih Mariette Nikolai

Investor Relations & Corporate Communications

Tel. +49 89 9292776-0

Fax +49 89 9292776-22

ir@mutares.de

www.mutares.de

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15.02.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	mutares AG
	Arnulfstr.19
	80335 Munich
	Germany
Phone:	+49 (0)89-9292 776-0
Fax:	+49 (0)89-9292 776-22
E-mail:	ir@mutares.de
Internet:	www.mutares.de
ISIN:	DE000A0SMSH2
WKN:	A0SMSH
Listed:	Regulated Unofficial Market in Berlin, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt

End of News	DGAP News Service