Walter Bau-AG St
WALTER BAU-AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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WALTER BAU-AG to increase its stake in Ed. Züblin AG to more than 90%
WALTER BAU-AG wants to increase its stake in Ed. Züblin AG to 92% by acquiring
42,68% of the Lenz family’s registered capital. Both WALTER BAU-AG and
Ed. Züblin AG have agreed on that. Both parties agreed to keep the purchase
price confidential.
The financing of the transaction, which is expected to be completed within
this year, will be carried out by a consortium of banks, consisting of
Deutsche Bank, Bayerischer Landesbank, HVB Group and Commerzbank. Negotiations
with bridging loan providers are in their final stage.
The WALTER BAU-AG merged with DYWIDAG will – subject to the supervisory
boards’ approvals – combine with Ed. Züblin AG to become a market leading
building management and technology company. The current chairman of management
board of Ed. Züblin AG, Prof. Dr. Manfred Nussbaumer, will also become
chairman of the WALTER BAU-AG management board.
end of ad-hoc-announcement (c)DGAP 19.10.2004
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
A more detailed press announcement will be made on Tuesday, October 19th at
10 am.
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WKN: 747750; ISIN: DE0007477507; Index:
Listed: Amtlicher Markt in Frankfurt (General Standard) und München; Freiverkehr
in Berlin-Bremen
190808 Okt 04
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