PORR AG

PORR signs agreements for the acquisition of ALPINE Bau CZ a.s

Public disclosure of inside information according to article 17 MAR

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 [phone]
M [phone]
[e-mail]
porr-group.com

Milena Ioveva
Head of Investor Relations and Strategy
PORR AG
T [phone]
M [phone]
[e-mail]
porr-group.com

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emitter: PORR AG
address: Absberggasse 47, 1100 Wien
country: Austria
contact person: Dir. Prok. Rolf Petersen
phone: [phone]
e-mail: [e-mail]
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

[ source: http://www.pressetext.com/news/20180829032 ]