Mutares SE & Co. KGaA

M&A Activity • Feb 15, 2017

News Details

Ad-hoc | 15 February 2017 16:35

mutares sells EUPEC Germany

mutares AG / Key word(s): Private Equity/Disposal

15-Feb-2017 / 16:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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mutares has sold EUPEC Germany, a non-operating company that owns a
concrete weight coating plant for gas pipelines in Mukran, Germany, for EUR
19.5m to the Malaysian Wasco Group which will utilize the plant for the
"Nord Stream 2" project. Through earn-out payments until 2019, the purchase
price can rise up to EUR 32m in total.

The operating business of EUPEC France, which generated revenues of EUR 72m
and operating earnings of EUR 13m in 2015 by coating oil and gas pipelines,
remains a part of the mutares Group. EUPEC France was hit by the downturn
of the oil and gas market in 2016, but expects for 2017 a stabilization in
a slightly growing market.

For further information, please contact:

mutares AG
Soh-Pih Mariette Nikolai
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
ir@mutares.de
www.mutares.de

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15-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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 Language:    English
 Company:     mutares AG
              Arnulfstr.19
              80335 Munich
              Germany
 Phone:       +49 (0)89-9292 776-0
 Fax:         +49 (0)89-9292 776-22
 E-mail:      ir@mutares.de
 Internet:    www.mutares.de
 ISIN:        DE000A0SMSH2
 WKN:         A0SMSH
 Listed:      Regulated Unofficial Market in Berlin, Stuttgart,
              Tradegate Exchange; Open Market (Entry Standard) in
              Frankfurt



 End of Announcement    DGAP News Service