Ad-hoc | 4 September 2007 20:05
HOCHTIEF Aktiengesellschaft / Acquisition
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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A consortium (50%/50%) made up of HOCHTIEF Projektentwicklung GmbH and
Redwood Grove International L.P. has submitted a bid for the acquisition of
all shares in aurelis GmbH & Co. KG and concluded a preparatory agreement
to this effect with Deutsche Bahn AG. HOCHTIEF Projektentwicklung GmbH is a
fully owned subsidiary of HOCHTIEF Aktiengesellschaft. Aurelis is a
subsidiary of Deutsche Bahn AG and was founded in 2002 for the takeover of
rail-related properties within the framework of measures taken by Deutsche
Bahn AG to focus on its core business segments. The assets of the KG
comprise, in particular, 1,495 real estate items with a combined area of 27
million square meters at inner-city locations in population centers in
Germany. The consortium partners plan to expand the company—based on its
property portfolio—into the leading German asset manager and developer of
inner-city urban quarters. The purchase price will amount to approximately
EUR 1.6 billion. The Supervisory Board of Deutsche Bahn AG still has to
grant its approval for the transaction.
04.09.2007 Financial News transmitted by DGAP
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Language: English
Issuer: HOCHTIEF Aktiengesellschaft
Opernplatz 2
45128 Essen
Deutschland
Phone: +49 (0)201 824-1833
Fax: +49 (0)201 824-2750
E-mail: investor-relations@hochtief.de
Internet: www.hochtief.de
ISIN: DE0006070006
WKN: 607000
Indices: MDAX
Listed: Amtlicher Markt in Berlin, Frankfurt (Prime Standard),
München, Hamburg, Düsseldorf; Freiverkehr in Hannover,
Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
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