PRESS RELEASE: Eqs-Adhoc: Planned Acquisition Of Wte Wassertechnik Gmbh By Strabag

Dow Jones
2024-12-10
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 $(WTE.UK)$, 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 EUR 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 
----------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      STRABAG SE 
              Donau-City-StraXXX223e 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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(END) Dow Jones Newswires

December 10, 2024 09:10 ET (14:10 GMT)

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