Put companies on watchlist
STRABAG SE
ISIN: AT000000STR1
WKN: A0M23V
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

STRABAG SE · ISIN: AT000000STR1 · EQS - adhoc news (57 News)
Country: Austria · Primary market: Austria · EQS NID: 2048009
10 December 2024 03:08PM

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.


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

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


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

fncls.ssp?fn=show_t_gif&application_id=2048009&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - STRABAG SE
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.