Ad-hoc release
Share purchase agreement concluded with minority shareholders of Ed. Züblin AG
Contact
STRABAG SE
Marianne Gruber Corporate Communications
& Investor Relations Tel. +43 1 22422-1174
marianne.gruber@strabag.com
- Status change regarding ad-hoc release from 7 December 2015
Vienna, 7 April 2016 The Management Board of STRABAG SE announces that the share price agreement has been concluded with all minority shareholders of Ed. Züblin AG, based in Stuttgart, Germany, over their combined 42.74 % stake in the company. The 100 % subsidiary Ilbau Liegenschaftsverwaltung GmbH now holds
94.9 % of the shares of Ed. Züblin AG. The remaining shares were acquired by a core shareholder of STRABAG SE. The signing took place yesterday evening, 6 April 2016. The agreement is carried out directly through the corresponding bank transactions.
The buyers have agreed a fixed strike price in the amount of € 210.3 million. The agreement also includes a provision for a variable purchase price portion of up to € 114 million, to be determined depending on the respective net income after minorities of
Ed. Züblin AG in each of the years 2015 to 2019.
Stuttgart-based Ed. Züblin AG has about 15,000 employees and, with an annual output of over € 3 billion, is one of Germany's leading construction companies. Since it was founded in 1898, Züblin has been successfully realising challenging construction projects in Germany and abroad and is the number one in the German building construction and civil engineering segment. The company's range of services comprises all construction-related tasks - from civil engineering, bridge building and tunnelling to complex turnkey construction to structural timber
engineering and public-private partnerships. Current construction projects of the company, a subsidiary of globally operating STRABAG SE, include rehabilitation and new construction works at Charité Hospital in Berlin, the second section of the Jena University Hospital, and the Albabstieg Tunnel along the new Wendlingen-Ulm railway line. More information is available at www.zueblin.de.
Strabag SE issued this content on 07 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 April 2016 08:26:13 UTC