STRABAG SE makes public purchase offer for shares of german subsidiary STRABAG AG, Cologne
Contact
Dr. Christian Ebner
Secretary General STRABAG SE
Telephone +43 1 22422-1121
pr(at)strabag.com
 
  • Voluntary public purchase offer made to shareholders of STRABAG AG, Cologne
  • Offer runs from 17 June 2008 until 22 July 2008, 4:00 p.m. (CEST)
  • Offer price of € 260 per no-par share
  • Free-float of STRABAG AG, Cologne, currently 33.4 %
 
Germany’s Federal Financial Supervisory Authority (BaFin) has approved the publication of the offer document for STRABAG SE’s voluntary takeover bid to holders of no-par shares of German subsidiary STRABAG AG, Cologne.

The approval marks the start of the period of acceptance of the voluntary purchase offer – pursuant to Art. 14 Para. 3 Sentence 1 No. 2 Alt. 2. of the German Securities Acquisition and Takeover Act (WpÜG) – made by STRABAG SE to the shareholders of STRABAG AG, Cologne. The period of the offer begins on 17 June 2008 and ends on 22 July 2008, at 4:00 p.m. (CEST). The offer price per no-par share of STRABAG AG stands at € 260. Currently, STRABAG SE directly and indirectly holds 66.6 % of STRABAG AG, Cologne. The remaining shares are classified as free-float by Deutsche Börse.

The offer involves the following no-par shares:
STRABAG AG no-par shares: ISIN DE0007283004 (WKN 728 300)

The offer document for this purchase offer is available for download at http://www.strabag.com.

The status reports are published on STRABAG SE’s website on the following days:

1st weekly status report: 24 June
2nd weekly status report: 1 July
3rd weekly status report: 8 July
4th weekly status report: 15 July

1st through 5th daily status reports = 16 July, 17 July, 18 July, 21 July and 22 July 2008

The results are expected to be announced on 25 July 2008.

STRABAG SE is one of Europe’s leading construction groups. With about 63,000 employees, STRABAG expects to generate a construction output volume of € 12.4 billion in the 2008 financial year. From its core markets of Austria and Germany, STRABAG is present via its numerous subsidiaries in all countries of Eastern and South-East Europe, in selected markets in Western Europe and on the Arabian Peninsula. STRABAG’s activities span the entire construction industry (Building Construction and Civil Engineering, Transportation Infrastructures, Tunnelling) and cover the entire value-added chain in the field of construction. More information is available at www.strabag.com