DGAP-Adhoc: EWE Aktiengesellschaft: EWE sells VNG shareholding to EnBW and buys back own stock

EWE Aktiengesellschaft  / Key word(s): Transaction in Own Shares/Investment

16.10.2015 15:37

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

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EWE sells VNG shareholding to EnBW and buys back own stock

Oldenburg, Germany, 16. October 2015: EWE AG is to sell its 74.2 per cent
shareholding in VNG-Verbundnetz Gas Aktiengesellschaft, Leipzig, ("VNG") to
EnBW Energie Baden-Württemberg AG ("EnBW AG") and will thus realise a book
profit. This transaction forms part of a contract concluded as of today's
date between EWE AG, its municipal shareholders and EnBW AG. The parties to
this contract have also agreed that EnBW AG will divest itself of its 26
per cent EWE shareholding over a period of time. EWE will itself buy back
ten per cent of its own stock. A purchase price of EUR504.8 million has
been agreed for this. EWE's municipal shareholders will purchase a further
ten per cent of EWE's stock in 2016 and will acquire the remaining six per
cent of EWE's stock by no later than 2019. The overall transaction is still
subject to approval by the relevant antitrust authorities.


16.10.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      EWE Aktiengesellschaft
              Tirpitzstraße 39
              26122 Oldenburg
              Germany
Phone:        0441-4805-0
Fax:          0441-4805-3999
E-mail:       info@ewe.de
Internet:     www.ewe.de
ISIN:         DE000A0DLU51, DE000A0DLU69, DE000A0Z2A12, XS0699330097
WKN:          A0DLU5, AODLU6, A0Z2A1, A1K0ZZ
Listed:       Regulated Market in Frankfurt (General Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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