28.06.2013
HOCHTIEF Aktiengesellschaft DE0006070006
DGAP-Adhoc: HOCHTIEF Aktiengesellschaft: Sale of HOCHTIEF Solutions' Service business line to SPIE S.A.
HOCHTIEF Aktiengesellschaft / Key word(s): Investment
28.06.2013 18:42
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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HOCHTIEF Solutions AG, Essen, concluded a contract with SPIE S.A.,
Cergy-Pontoise/France, on June 28, 2013 on the sale of the Service
Solutions business line in which the facility and energy management
activities are pooled. To this end, the business line will be transferred
into a subsidiary HTFM GmbH by way of a spin-off. The transaction will be
carried out with economic effect of January 1, 2013.
In February this year, HOCHTIEF had announced that it will divest corporate
entities which no longer form part of the core business. In addition to the
already sold airports business of the Group, this also includes the Service
business line of HOCHTIEF Solutions. This corporate entity offers facility
and energy management services both in Germany and worldwide and has almost
6,000 employees.
Subject to final adjustments, the selling price amounts to approximately
EUR 250 million. The sale is subject to certain conditions precedent and to
approval by the responsible competition authorities. Closing of the
transaction is planned by year-end 2013 at the latest.
HOCHTIEF expects a significant positive earnings effect from the sale.
Through the transaction, HOCHTIEF's financial situation will improve
further and the Group will strengthen its competitive position.
28.06.2013 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: HOCHTIEF Aktiengesellschaft
Opernplatz 2
45128 Essen
Germany
Phone: +49 (0)201 824-1833
Fax: +49 (0)201 824-2750
E-mail: [email protected]
Internet: www.hochtief.de
ISIN: DE0006070006
WKN: 607000
Indices: MDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München; Freiverkehr in Hannover,
Stuttgart; Terminbörse EUREX
End of Announcement DGAP News-Service
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