Press Releases 2003

April 7, 2003
Bilfinger Berger: Sale of the participation in Buderus AG

Bilfinger Berger AG has entered into a sale and purchase agreement with Robert Bosch GmbH relating to the sale of its participation in Buderus AG on April 6, 2003. The participation corresponds to approximately 30.02 % of the registered share capital of Buderus AG; the purchase price amounts to €29.15 for each Buderus-share. Thus, the overall purchase price is €551 million. Bilfinger Berger AG will realise a tax-free capital gain on the disposal of approximately €230 million.

The sale is linked to the success of the intended take-over bid by Robert Bosch GmbH to the other shareholders of Buderus AG and is subject to approval by the supervisory board of Bilfinger Berger AG and clearance by the competition authorities. Bilfinger Berger will utilise the cash-flow to pursue the implementation of its strategic orientation as a multi-service group.