EWE Aktiengesellschaft
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 DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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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