07.05.2014
Bilfinger SE DE0005909006
DGAP-Adhoc: Bilfinger SE: Focus on core business - planned sale of significant parts of activities in the Construction business segment
Bilfinger SE / Key word(s): Letter of Intent/Disposal
07.05.2014 20:58
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Bilfinger is intensifying its focus on its core business, which comprises
engineering and services for industrial facilities, power plants and real
estate. The engineering and services group therefore intends to part with
significant portions of its civil engineering business which generated a
volume of approximately EUR800 million in 2013. The activities in the
Construction business segment will be put up for sale. The offshore wind
business, the construction of power grids and units specialized in steel
construction with a volume of about EUR200 million in the past year are not
included in the planned sale. The offshore wind and power grid businesses,
which in 2013 together generated an output volume of EUR140 million will be
brought together in a new division and allocated to the Power business
segment.
Bilfinger continues to consider its successful building construction
activities in Germany as part of its core business. They are an integral
part of the Group's real-estate competence in the Building and Facility
business segment.
Bilfinger will report on the business activities that are to be sold as
'Discontinued operations' beginning in the second quarter of 2014. The
company expects that the selling process can be completed within one year.
07.05.2014 DGAP's 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: [email protected]
Internet: http://www.bilfinger.com
ISIN: DE0005909006
WKN: 590900
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München
End of Announcement DGAP News-Service
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