January 26, 2010
Sale of Bilfinger Berger Australia
The Executive Board of Bilfinger Berger AG decided today to initiate the selling process for its subsidiary, Bilfinger Berger Australia, and to prepare the initial public offering of the company.
The sale of Bilfinger Berger Australia is an important milestone in the planned reduction of the construction business, the volume of which will be reduced in the medium term from about €6 billion to a level in the region of €2 billion. Expected output volume for Bilfinger Berger Australia in financial year 2009 is about €2.6 billion with an EBIT margin of 3 percent.
Nothing in this announcement constitutes an offer or intended offer of securities. In the event of an initial public offering a prospectus for the offer will be lodged with the Australian Securities and Investments Commission.
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to any U.S. person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”)). Securities may not be offered or sold in the United States or to U.S. persons unless the securities have been registered under the U.S. Securities Act or an exemption from registration is available.
