DGAP-Ad hoc: Bilfinger SE

DGAP-Adhoc: Bilfinger sells Water Technologies division to Chengdu Techcent Environment Group

Bilfinger SE / Key word(s): Disposal

06.02.2016 04:44

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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The engineering and services group Bilfinger is selling its Water Technologies division. The buyer is Chinese company Chengdu Techcent Environment Group. The agreement was signed today. After deducting transaction-related expenses, Bilfinger's net proceeds from the sale will amount to approximately EUR200 million. It is anticipated that, subject to the necessary approval from the responsible anti-trust authorities, the transaction can be concluded in the first quarter of 2016 and the net proceeds from the sale flow to Bilfinger as additional liquidity.

In the course of its strategic repositioning, Bilfinger had announced that it would review its portfolio. In this connection, a number of strategic options for the Water Technologies division were looked at as part of a market evaluation, with the result that a sale offered the best possible perspectives over the long term.

In the Water Technologies division, about 1,600 employees generated an output volume of approximately EUR300 million in 2015.

06.02.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- 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: sabine.klein@bilfinger.com Internet: http://www.bilfinger.com ISIN: DE0005909006 WKN: 590900 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich End of Announcement DGAP News-Service ---------------------------------------------------------------------------