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RNS - HOCHTIEF Aktiengesellschaft: Price range and details of HOCHTIEF Concessions' IPO determined

Company: Hochtief AG Date: 2009-11-19 Language: English Register to download
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 News Details

Ad-hoc | 19 November 2009 16:34

#   

HOCHTIEF Aktiengesellschaft: Price range and details of HOCHTIEF Concessions’ IPO determined

**HOCHTIEF Aktiengesellschaft / IPO**

19.11.2009 

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.

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HOCHTIEF Aktiengesellschaft and HOCHTIEF Concessions AG today determined
the key parameters for the initial public offering of HOCHTIEF Concessions
AG: The price range has been set at EUR 24.00 to EUR 29.00. The offering
comprises up to 25.0 million shares of HOCHTIEF Concessions AG from a
capital increase still to be resolved and up to 9.44 million of the
existing shares currently held by HOCHTIEF Aktiengesellschaft. In addition,
HOCHTIEF Aktiengesellschaft is making up to 4.79 million shares available
to cover potential over-allotments by way of a greenshoe-option. The
aggregate number of shares to be placed is, however, limited so that
HOCHTIEF Aktiengesellschaft will hold at least approximately 51 percent of
the shares in HOCHTIEF Concessions AG upon conclusion of the offering. It
follows that the number of shares that HOCHTIEF Aktiengesellschaft will
place depends on the issue price as well as the number of shares issued in
HOCHTIEF Concession AG's capital increase. In the context of the capital
increase, HOCHTIEF Concessions AG aims for gross issue proceeds in the
amount of approximately EUR 600 million. Based on this, the potential total
issue volume will be in the range of EUR 882 million to EUR 1,005 million.

HOCHTIEF Concessions AG's shares will, subject to the approval of the
securities prospectus by the German Federal Financial Supervisory Authority
(Bundesanstalt für Finanzdienstleistungsaufsicht), be offered in a public
offering in Germany. The shares may, also subject to the approval of the
securities prospectus by the German Federal Financial Supervisory Authority
(Bundesanstalt für Finanzdienstleistungsaufsicht), be subscribed for
starting November 20, 2009 (expected) until December 3, 2009 (12:00 p.m.
CET for private investors and 3:00 p.m. CET for institutional investors)
(expected). The offering further comprises a private placement in certain
other jurisdictions outside Germany pursuant to Regulation S of the United
States Securities Act of 1933 (as amended, the 'Securities Act'). In the
United States of America, the shares are being offered only to certain
qualified institutional buyers pursuant to Rule 144A of the Securities Act.
It is expected that the issue price will be announced on December 3, 2009.

HOCHTIEF Concessions AG's German-language prospectus will, after approval
by the German Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht), be accessible to investors in Germany on
the Internet at www.hochtief-concessions.de. The management road show for
institutional investors in Germany, other European countries as well as in
the United States of America is expected to last from November 20, 2009 to
December 3, 2009.

HOCHTIEF Concessions AG's shares are expected to start trading on the
Regulated Market (Prime Standard) of the Frankfurt Stock Exchange on
Friday, December 4, 2009 under the ticker HCO and the ISIN DE000A1A60H7.

\* \* \*
(The information contained herein is not for publication or distribution to
persons in Canada, Japan, Australia, Bahrain, Hong Kong, Kuwait, Qatar,
Singapore, United Arab Emirates.)

Notes:  These materials are not an offer of securities for sale in any
jurisdiction, including any jurisdiction of the United States.  Securities
may not be offered or sold in the United States absent registration or
pursuant to an available exemption from registration under the U.S.
Securities Act. HOCHTIEF Aktiengesellschaft and HOCHTIEF Concessions AG do
not intend to conduct a public offering of securities in the United States.
The offering of securities HOCHTIEF Concessions AG described in this
document has not been and will not be registered pursuant to the U.S.
Securities Act, and accordingly, any offer or sale of these securities in
the United States may be made only in a transaction exempt from
registration under the Securities Act.
This document does not constitute an offer of securities to the public in
the United Kingdom. This announcement is directed only at persons (i) who
are outside the United Kingdom or (ii) who have professional experience in
matters relating to investments falling within article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(as amended) (the 'Order') or (iii) who fall within article 49(2)(a) to (d)
('high net worth companies, unincorporated associations etc.') of the Order
(all such persons together being referred to as 'Relevant Persons'). Any
person who is not a Relevant Person must not act or rely on this
communication or any of its contents. Any investment or investment activity
to which this communication relates is available only to Relevant Persons
and will be engaged in only with Relevant Persons.

Cautionary note regarding forward-looking statements
This document contains forward-looking statements. These statements are
based on the current views, expectations and assumptions of the management
board of HOCHTIEF Aktiengesellschaft and HOCHTIEF Concessions AG and
involve known and unknown risks and uncertainties that could cause actual
results, performance or events to differ materially from those expressed or
implied in such statements. Actual results, performance or events may
differ materially from those described in such statements due to, among
other things, changes in the general economic and competitive environment,
risks associated with capital markets, currency exchange rate fluctuations
and competition from other companies, changes in international and national
laws and regulations, in particular with respect to tax laws and
regulations, affecting HOCHTIEF Aktiengesellschaft and HOCHTIEF Concessions
AG, and other factors. Neither HOCHTIEF Concessions AG nor HOCHTIEF
Aktiengesellschaft do assume any obligations to update any forward-looking
statements.


Contact:
elmar.sauter@hochtief.de


19.11.2009  Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      HOCHTIEF Aktiengesellschaft
              Opernplatz 2
              45128 Essen
              Deutschland
Phone:        +49 (0)201 824-1833
Fax:          +49 (0)201 824-2750
E-mail:       investor-relations@hochtief.de
Internet:     www.hochtief.de
ISIN:         DE0006070006
WKN:          607000
Indices:      MDAX
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              München, Düsseldorf, Hamburg; Freiverkehr in Hannover,
              Stuttgart; Terminbörse EUREX
 
End of News                                     DGAP News-Service
 
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