PRESS RELEASE: Eqs-Adhoc: Evn And Strabag Agree On Key Terms For The Possible Sale Of Wte

Dow Jones12-10
EQS-Ad-hoc: EVN AG / Key word(s): Investment/Disposal 
EVN AG: EVN and STRABAG agree on key terms for the possible sale of WTE 
10-Dec-2024 / 15:07 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation $(EU)$ No 596/2014, transmitted by EQS News 
- a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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The Management Board of EVN AG (EVN and, together with its consolidated subsidiaries, EVN Group) and the Management 
Board of STRABAG SE (STRABAG and, together with its consolidated subsidiaries, STRABAG Group) have just reached an 
agreement on key terms of a potential sale of all shares in WTE Wassertechnik GmbH $(WTE.UK)$, which bundles significant 
parts of EVN Group's international project business in the environmental sector, to STRABAG Group (the proposed 
transaction). 
The proposed transaction is subject to an agreement on binding transaction documents, receipt of all necessary 
approvals, the consent of third parties and the fulfilment of customary conditions for completion, in particular merger 
control and investment control approvals. Signing of the transaction documents is envisaged for the end of February 
2025. 
The proposed transaction is expected to include significant parts of WTE's European business as well as its business 
activities in the Middle East. The projects in Budva, Zagreb and Prague, which have already been operationally 
completed, are excluded from the scope of the proposed transaction. With respect to the projects in Kuwait and Bahrain, 
which are still under construction and are yet to be completed, a significant part of the financing will remain with 
EVN, whereby the repayment would primarily be contingent upon the progress of construction and the completion of these 
projects. Furthermore, a significant part of the associated guarantees will remain with EVN. Conversely, going forward, 
EVN will continue to be entitled to participate in the results of the projects in Kuwait and Bahrain that are currently 
under construction. 
The proposed transaction provides for a purchase price of EUR 100 million; no significant impact on EVN's results for 
the financial year 2024/2025 is expected. At the same time, EVN's risk profile in the environmental segment would be 
reduced going forward. The proposed transaction supports EVN's focus on its core business in line with the 
implementation of its Strategy 2030. 
 
Contact: 
Gerald Reidinger 
Head of Controlling and Investor Relations 
Phone: +43 2236 200-12698 
E-mail: investor.relations@evn.at 
Stefan Zach 
Head of Information and Communication 
Phone: +43 2236 200-12294 
E-mail: stefan.zach@evn.at 
End of Inside Information 
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10-Dec-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com 
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Language:     English 
Company:      EVN AG 
              EVN Platz 
              2344 Maria Enzersdorf 
              Austria 
Phone:        +43-2236-200-12294 
E-mail:       info@evn.at 
Internet:     www.evn.at 
ISIN:         AT0000741053 
WKN:          074105 
Indices:      ATX 
Listed:       Vienna Stock Exchange (Official Market) 
EQS News ID:  2048215 
 
End of Announcement  EQS News Service 
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2048215 10-Dec-2024 CET/CEST

 

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(END) Dow Jones Newswires

December 10, 2024 09:09 ET (14:09 GMT)

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