DGAP-Adhoc

DEUTZ AG sells its Cologne-Deutz site

DGAP-Ad-hoc: DEUTZ AG / Key word(s): Real Estate DEUTZ AG sells its Cologne-Deutz site 03-May-2017 / 23:21 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. DEUTZ AG sells its Cologne-Deutz site

Today, DEUTZ AG has sold the land occupied by its former Cologne-Deutz site to the Düsseldorf-based project developer GERCHGROUP. DEUTZ had announced its intention to sell the site back in mid-February.

The premises in Cologne-Deutz, which cover an area of around 160,000 square metres, are no longer required following the site's relocation to Cologne-Porz. GERCHGROUP intends to redevelop this former industrial site, which is close to the Rhine, to create a new city district with a high proportion of housing.

DEUTZ expects to receive a sum around EUR125 million as purchase consideration this year. Depending on completion of the ongoing planning process, DEUTZ anticipates a further, final instalment of the purchase consideration in the coming years. The exact amount is not yet known and, provided the planning application is successful, will reach into the mid double-digit million euros. In the current year DEUTZ expects this transaction to deliver a positive contribution to earnings in the high double-digit million euros (after taxes) that will be recognised as an exceptional item.

For further information on this DEUTZ AG ad-hoc disclosure, please contact:

Investor & Public Relations

Christian Krupp

Tel: [phone]

Fax: [phone]

Email: [e-mail]

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03-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	DEUTZ AG
	Ottostraße 1
	51149 Köln (Porz-Eil)
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.deutz.com
ISIN:	DE0006305006
WKN:	630500
Indices:	SDAX
Listed:	Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

End of Announcement	DGAP News Service

569969  03-May-2017 CET/CEST