Press Releases 2002

September 6, 2002
After expiry of the first acceptance period: Bilfinger Berger holds 97.61% of the shares in Rheinhold & Mahla AG

Bilfinger Berger now holds a 97.61% equity interest in Rheinhold & Mahla AG after the expiry on August 30, 2002 of the first acceptance period for the public offer to buy shares in the company. The remaining shareholders will now be able to sell their shares to Bilfinger Berger until the end of the legally prescribed supplementary period on September 20, 2002.

Bilfinger Berger is offering €13 per share in Rheinhold & Mahla AG. With a 100% acquisition, the total investment would amount to €117 million.

The acquisition of this company represents a springboard for Bilfinger Berger's entry into the attractive market of industrial services. Rheinhold & Mahla is active all over Europe and in 2001 achieved an output of €730 million and profits (EBIT) of €25 million with a workforce of 8,500 persons. Even after writing off goodwill, the company will make a positive contribution to Bilfinger Berger's Group earnings from the word go.