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    DGAP-Adhoc  2564  0 Kommentare Bilfinger sells Water Technologies division to Chengdu Techcent Environment Group


    Bilfinger SE / Key word(s): Disposal

    06.02.2016 04:44

    Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
    by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

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    The engineering and services group Bilfinger is selling its Water
    Technologies division. The buyer is Chinese company Chengdu Techcent
    Environment Group. The agreement was signed today. After deducting
    transaction-related expenses, Bilfinger's net proceeds from the sale will
    amount to approximately EUR200 million. It is anticipated that, subject to
    the necessary approval from the responsible anti-trust authorities, the
    transaction can be concluded in the first quarter of 2016 and the net
    proceeds from the sale flow to Bilfinger as additional liquidity.

    In the course of its strategic repositioning, Bilfinger had announced that
    it would review its portfolio. In this connection, a number of strategic
    options for the Water Technologies division were looked at as part of a
    market evaluation, with the result that a sale offered the best possible
    perspectives over the long term.

    In the Water Technologies division, about 1,600 employees generated an
    output volume of approximately EUR300 million in 2015.


    06.02.2016 The DGAP Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

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    Language: English
    Company: Bilfinger 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.bilfinger.com
    ISIN: DE0005909006
    WKN: 590900
    Indices: MDAX
    Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
    Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
    Hanover, Munich

    End of Announcement DGAP News-Service

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    DGAP-Adhoc Bilfinger sells Water Technologies division to Chengdu Techcent Environment Group Bilfinger SE / Key word(s): Disposal 06.02.2016 04:44 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. …

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