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Porr AG — M&A Activity 2018
Aug 29, 2018
755_iss_2018-08-29_589f8048-fd40-4f5f-8cd8-c928fe4beccb.pdf
M&A Activity
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publication: 29.08.2018 15:00 source: http://adhoc.pressetext.com/news/1535547600950 keywords: PORR AG / Economy / Stock Exchange
Public disclosure of inside information according to article 17 MAR
PORR AG: PORR signs agreements for the acquisition of ALPINE Bau CZ a.s.
Vienna (pta032/29.08.2018/15:00) - In June 2018, PORR had announced the basic agreement on the acquisition of the traditional Czech company ALPINE Bau CZ a.s. by PORR.
Today, the respective acquisition agreements were signed. The company will be fully integrated into the Group under the Czech subsidiary PORR a.s. ALPINE Bau CZ a.s. holds, inter alia, stakes in several strategically important asphalt mixing plants, achieved a production output of approximately EUR 100 million in 2017 and has a headcount of currently about 450 .
The purchase price amounts to about EUR 12 million, subject to numerous adaptions resulting from the transfer balance sheet.
The transaction is subject to a number of suspensive conditions and conditions precedent, inter alia merger control approval.
For further questions please contact:
Sandra C. Bauer Head of Corporate Communications PORR AG T +43 50 626-3338 M +43 664 626-3338 [email protected] porr-group.com Milena Ioveva Head of Investor Relations and Strategy PORR AG T +43 50626-1763 M +43 664 626-1763 [email protected] porr-group.com
| emitter: | PORR AG Absberggasse 47 1100 Wien Austria |
|---|---|
| contact person: | Dir. Prok. Rolf Petersen |
| phone: | +43 50626-1199 |
| e-mail: | [email protected] |
| website: | www.porr-group.com |
| ISIN(s): | AT0000609607 (share), AT0000A19Y28 (bond), AT0000A19Y36 (bond), DE000A1HSNV2 (bond), XS1555774014 (bond) |
| stock exchanges: | official trade in Vienna; basic board in Frankfurt |
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