EQS-Adhoc: Planned acquisition of WTE Wassertechnik GmbH by STRABAG

EQS-Ad-hoc: STRABAG SE / Key word(s): Acquisition
Planned acquisition of WTE Wassertechnik GmbH by STRABAG

10-Dec-2024 / 15:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.

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Planned acquisition of WTE Wassertechnik GmbH by STRABAG

• Strategic expansion of portfolio to include integrated water
management
• Acquisition of significant portions of the business in Europe and the
Middle East
• Several approvals still pending, including from the STRABAG SE
Supervisory Board and the antitrust authorities

The STRABAG Group plans to acquire all shares in Essen-based WTE
Wassertechnik GmbH (WTE), thereby strategically expanding its portfolio to
include integrated water management. The Management Board of STRABAG SE
and the Executive Board of EVN AG (EVN) have just signed a term sheet with
the aim of concluding a final contract by the end of February 2025 at the
latest.

The planned acquisition is subject to final agreement over the transaction
documents with EVN, the approval of the Supervisory Board of STRABAG SE as
well as other official authorisations or third-party approvals, in
particular antitrust approvals.

The transaction would cover significant parts of WTE’s European business
as well as its business activities in the Middle East. The company’s
projects in Budva, Zagreb and Prague are excluded from the transaction.

Key points of the transaction include a fixed purchase price payment in
the amount of € 100,000,000.00 for the shares in WTE and the assumption of
shareholder loans. EVN will continue to finance a significant portion of
WTE’s construction and development projects in Kuwait and Bahrain even
after the closing of the transaction and will bear most of the
construction risk of these projects. The repayment of these loans is
linked to project success (construction progress/project finalisation and
payment receipt). EVN’s guarantees and warranties for the construction
phase will also remain in place for these projects. STRABAG will assume
all guarantees and warranties for the remaining business activities
acquired from WTE, particularly in Europe.

End of Inside Information

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10-Dec-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: STRABAG SE
Donau-City-Straße 9
1220 Vienna
Austria
Phone: +43 1 22422 – 1089
Fax: +43 1 22422 – 1177
E-mail: investor.relations@strabag.com
Internet: www.strabag.com
ISIN: AT000000STR1
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2048009

 
End of Announcement EQS News Service

2048009  10-Dec-2024 CET/CEST

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