DGAP-Adhoc: HOCHTIEF Aktiengesellschaft: Sale of HOCHTIEF AirPort GmbH to Public Sector Pension Investment Board

| Source: EQS Group AG EQS Group AG 

HOCHTIEF Aktiengesellschaft  / Key word(s): Investment

07.05.2013 02:46

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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HOCHTIEF Aktiengesellschaft, Essen, Germany, has on May 7, 2013 entered
into a sale and purchase agreement with a subsidiary of Public Sector
Pension Investment Board, Canada (PSP Investments) for the sale of all
shares in HOCHTIEF AirPort GmbH, Essen. The transaction will have
retroactive economic effect as of January 1, 2013.

HOCHTIEF AirPort is one of the leading airport investors and managers in
the world and holds participations in the airports of Athens, Budapest,
Düsseldorf, Hamburg, Sydney and Tirana. Combined, these airports handle
approximately 95 million passengers annually.

The transaction effects a deconsolidation of assets in the value of
approximately EUR 1.5 billion. This includes minority interests of some EUR
0.4 billion. The transaction proceeds are approximately EUR 1.1 billion,
subject to closing adjustments. The sale is subject to certain conditions
precedent, including approval by the competent authorities if required and
other required approvals. Closing is expected for the second half of 2013.

The transaction is the result of a very competitive tendering process.
HOCHTIEF expects no significant extraordinary earnings impact from the
transaction. The Group will use the released funds as planned to reduce
debt and to invest in the operating infrastructure business. The
transaction will further strengthen HOCHTIEF's financial and competitive
position.


07.05.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      HOCHTIEF Aktiengesellschaft
              Opernplatz 2
              45128 Essen
              Germany
Phone:        +49 (0)201 824-1833
Fax:          +49 (0)201 824-2750
E-mail:       investor-relations@hochtief.de
Internet:     www.hochtief.de
ISIN:         DE0006070006
WKN:          607000
Indices:      MDAX
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, München; Freiverkehr in Hannover,
              Stuttgart; Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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