Fund Information / Factsheet • Sep 19, 2011
Fund Information / Factsheet
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Ad-hoc | 19 September 2011 13:15
Bilfinger Berger intends to sell up to 19 public-private partnership projects
Bilfinger Berger SE / Key word(s): Disposal/Funds
19.09.2011 13:15
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Bilfinger Berger intends to sell up to 19 public-private partnership
projects
Bilfinger Berger intends to introduce a publicly-listed fund in which it
will place up to 19 public-private-partnership projects from its current
portfolio of 30 concession projects. The assets in the fund will be
predominantly operational and revenue generating. The Group has a total
equity commitment of EUR161 million in the 19 project companies.
Shares in the fund are intended to be listed in the premium segment of the
London Stock Exchange with a placement volume of up to £245 million (up to
EUR280 million). Shares in the fund will be offered for sale to
institutional investors at a pre-determined price. Bilfinger Berger will
commit to a strategic investment of at least 19.9 percent of the fund's
equity.
Publication of the prospectus for the fund is planned for October with a
listing to follow in November 2011. The sale of the projects to the fund is
expected to take effect in the first quarter of 2012 and will lead to net
proceeds of up to EUR270 million for Bilfinger Berger of which a minimum of
EUR55 million will be reinvested in the fund. The anticipated capital gain,
depending on exchange rate development and other factors, will be in the
magnitude of up to EUR50 million.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR
FROM CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.
This announcement does not constitute or form part of, and should not be
construed as, any offer for sale or subscription of, or solicitation of any
offer to buy or subscribe for, any shares in the future fund or securities
in any other entity, in any jurisdiction, including the United States, nor
shall it, or any part of it, or the fact of its distribution, form the
basis of, or be relied on in connection with, any contract or investment
decision whatsoever, in any jurisdiction. This announcement does not
constitute a recommendation regarding any securities.
Any investment decision must be made exclusively on the basis of the final
prospectus to be published by the fund and any supplement thereto in
connection with the admission of ordinary shares of the Company ('Ordinary
Shares') to the Official List of the UK Listing Authority and to trading on
the London Stock Exchange's main market for listed securities (the
'Prospectus').
19.09.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Bilfinger Berger SE
Carl-Reiß-Platz 1-5
68165 Mannheim
Germany
Phone: +49 (0621) 459-0
Fax: +49 (0621) 459-23 66
E-mail: [email protected]
Internet: http://www.bilfingerberger.com
ISIN: DE0005909006
WKN: 590900
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München
End of Announcement DGAP News-Service
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