Hochtief AG — M&A Activity 2006

Oct 20, 2006

News Details

Ad-hoc | 20 October 2006 14:07

HOCHTIEF Aktiengesellschaft intends to acquire a majority shareholding in Budapest Airport

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— HOCHTIEF Aktiengesellschaft intends to acquire a majority shareholding in Budapest Airport On 18 October 2006, a consortium, with HOCHTIEF AirPort GmbH as leading partner, has signed a Memorandum of Understanding with BAA for the potential acquisition of BAA’s interests in Budapest Airport. HOCHTIEF AirPort is a 100 % subsidiary of HOCHTIEF Aktiengesellschaft. HOCHTIEF’s participation in the consortium is almost 50 %. The other consortium members are Caisse de Dépot et Placement du Québec, Montréal, and KfW, Frankfurt. BAA holds 75% minus 1 share of Budapest Airport. BAA purchased this participation in the privatization of Budapest Airport for a consideration of approximately EUR 1.9 billion in December 2005. BAA and the HOCHTIEF consortium seek to finalize the acquisition in the fourth quarter of 2006, subject to Hungarian government consent. Budapest Airport is the biggest international airport in Hungary. (c)DGAP 20.10.2006 ————————————————————————— Language: English Issuer: 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 WWW: www.hochtief.de ISIN: DE0006070006 WKN: 607000 Indices: MDAX Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard), Düsseldorf, Hamburg, München; Freiverkehr in Hannover, Stuttgart End of News DGAP News-Service —————————————————————————