Hochtief AG — M&A Activity 2007

Sep 5, 2007

News Details

Ad-hoc | 5 September 2007 13:10

HOCHTIEF Aktiengesellschaft: HOCHTIEF and partner acquire aurelis GmbH & Co. KG, the real estate subsidiary of Deutsche Bahn AG

HOCHTIEF Aktiengesellschaft / Acquisition

Release 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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A consortium (50%/50%) made up of HOCHTIEF Projektentwicklung GmbH and
Redwood Grove International L.P. has concluded an agreement with Deutsche
Bahn AG for the acquisition of all shares in aurelis GmbH & Co. KG.
HOCHTIEF Projektentwicklung GmbH is a fully owned subsidiary of HOCHTIEF
Aktiengesellschaft. Aurelis is a subsidiary of Deutsche Bahn AG and was
founded in 2002 for the takeover of rail-related properties within the
framework of measures taken by Deutsche Bahn AG to focus on its core
business segments. The assets of the KG comprise 1,495 real estate items
with a combined area of 27 million square meters at inner-city locations in
population centers in Germany. The consortium partners plan to expand the
company—based on its property portfolio—into the leading German asset
manager and developer of inner-city urban quarters. Due to the volume and
attractiveness of the portfolio, our corporate division Development will
have considerable opportunities to expand its business which is registering
high margins already now.

The purchase price is EUR 1.64 billion, approximately EUR 820 million of
which represent the HOCHTIEF share. The supervisory bodies of Deutsche Bahn
AG and HOCHTIEF Aktiengesellschaft have already agreed to the acquisition
of the interests in the company. The parties now intend to conclude the
contracts which require notarization.

The takeover still has to be approved by the Federal German Ministry of
Transport and by the Cartel Office in charge.
05.09.2007 Financial News transmitted by DGAP

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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
Internet: www.hochtief.de
ISIN: DE0006070006
WKN: 607000
Indices: MDAX
Listed: Amtlicher Markt in Berlin, Frankfurt (Prime Standard),
München, Hamburg, Düsseldorf; Freiverkehr in Hannover,
Stuttgart; Terminbörse EUREX

End of News DGAP News-Service

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