Prospectus for the initial public offering of shares in Valemus Limited, Australia
June 08, 2010
June 8, 2010
Prospectus for the initial public offering of shares in Valemus Limited, Australia
On June 08, 2010, a prospectus for Valemus Limited, a company founded for the initial public offering of Bilfinger Berger Australia, was lodged with the Australian Securities and Investments Commission. The indicative price range set out in the prospectus is 2.20 to 2.50 Australian dollars per share and corresponds to an indicative market capitalization of Valemus Limited of between 1,221 and 1,388 million Australian dollars. The final price will be set after conclusion of the offer and may be set at a price within, above or below this range. Based on the indicative price range and taking into account the retention of cash to capitalize Valemus Limited, the repayment of an intercompany loan and the costs related to the initial public offering, the minimum net cash inflow for Bilfinger Berger AG would be approximately 780 million Australian dollars.
The current timetable calls for the institutional bookbuild to take place on July 6 and 7, 2010 and the final price to be announced on July 8, 2010.
This announcement does not constitute an offer of shares for sale in Australia, the United States or any other country, or to any person that is, or is acting for the account or benefit of, a "U.S. person" (as defined in Regulation S under the United States Securities Act of 1933 (the "Securities Act")) ("U.S. Person"), or in any other jurisdiction in which such an offer would be illegal. The shares have not been and will not be registered under the Securities Act, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. Persons unless the shares are registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available.
in conformity with ad-hoc-announcement
