Bilfinger SE

M&A Activity • Sep 29, 2011

News Details

Ad-hoc | 29 September 2011 19:25

Bilfinger Berger reduces investments in Nigerian business

Bilfinger Berger SE / Key word(s): Letter of Intent/Disposal

29.09.2011 19:25

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Bilfinger Berger reduces investments in Nigerian business

Bilfinger Berger and its minority shareholding Julius Berger Nigeria PLC
(JBN), Abuja, have signed a letter of intent according to which JBN will
acquire the engineering and services activities of Bilfinger Berger Nigeria
GmbH, Wiesbaden. The current output volume of activities to be sold amounts
to approximately EUR350 million. Bilfinger Berger's investment in the
business, which is part of the Building and Facility Services segment, will
be reduced initially to 40 percent with a further reduction planned at a
future date. There will be no job cuts as a result of this measure.

Negotiations on the actual configuration of the sale are currently at an
early stage.

In addition, as previously announced, Bilfinger Berger's investment in JBN
will be reduced from 49 percent to below 40 percent. Discussions in this
regard are currently being held with investors.

The conclusion of these transactions is not expected in the current
financial year.

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Financial/Corporate News and Press Releases.
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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: sabine.klein@bilfinger.com
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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