Bilfinger SE

M&A Activity • Feb 6, 2016

News Details

Ad-hoc | 6 February 2016 04:44

Bilfinger sells Water Technologies division to Chengdu Techcent Environment Group

Bilfinger SE / Key word(s): Disposal

06.02.2016 04:44

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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The engineering and services group Bilfinger is selling its Water
Technologies division. The buyer is Chinese company Chengdu Techcent
Environment Group. The agreement was signed today. After deducting
transaction-related expenses, Bilfinger's net proceeds from the sale will
amount to approximately EUR200 million. It is anticipated that, subject to
the necessary approval from the responsible anti-trust authorities, the
transaction can be concluded in the first quarter of 2016 and the net
proceeds from the sale flow to Bilfinger as additional liquidity.

In the course of its strategic repositioning, Bilfinger had announced that
it would review its portfolio. In this connection, a number of strategic
options for the Water Technologies division were looked at as part of a
market evaluation, with the result that a sale offered the best possible
perspectives over the long term.

In the Water Technologies division, about 1,600 employees generated an
output volume of approximately EUR300 million in 2015.

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Language: English
Company: Bilfinger SE
Carl-Reiß-Platz 1-5
68165 Mannheim
Germany
Phone: +49 (0621) 459-0
Fax: +49 (0621) 459-23 66
E-mail: sabine.klein@bilfinger.com
Internet: http://www.bilfinger.com
ISIN: DE0005909006
WKN: 590900
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover, Munich

End of Announcement DGAP News-Service

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