Free press releases distribution network?

Agency / Source: HOCHTIEF AG

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



HOCHTIEF Completes Sale of the Services Business Line - HOCHTIEF Solutions AG, Essen, completed closing of the sale of its Service Solutions business line, in which the company’s facility and energy management activities are pooled, to SPIE S.A., Cergy-Pontoise/France - HOCHTIEF.com
HOCHTIEF Completes Sale of the Services Business Line

 

PRZOOM - /newswire/ - Essen, Germany, 2013/09/09 - HOCHTIEF Solutions AG, Essen, completed closing of the sale of its Service Solutions business line, in which the company’s facility and energy management activities are pooled, to SPIE S.A., Cergy-Pontoise/France - HOCHTIEF.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The selling price amounts to approximately EUR 250 million, which has been fully paid in cash on closing. The sale has been completed expediently through a process lasting just six months.

The closing of the Service Solutions sale represents another important milestone in the delivery of the strategy announced at the beginning of 2013. The sale follows last week’s completion of the divestment of HOCHTIEF’s stake in Sydney Airport. HOCHTIEF expects closing of the sale of the entire Airports business line to PSP Investments for a total of approximately EUR 1.1 billion before the end of the year. Together, the Services and Airports transactions will generate approximately EUR 1.35 billion in proceeds (pre-tax).

The Group’s aim is to achieve increased cash-based profitability whilst reducing debt. In future, HOCHTIEF will focus on its core competency, delivery of infrastructure projects, streamline the organization and sell non-core businesses. In addition to the Services and Airports businesses, HOCHTIEF is also working on divesting other non-core businesses or looking for strategic partners.

Service Solutions management and employees have actively supported the transfer to the SPIE Group.

Further details will be provided with our nine-month results to be published on November 13, 2013.

About HOCHTIEF

HOCHTIEF (hochtief.com) is one of the world's leading construction groups. We have excelled for 140 years in our core competency of construction. Our focus is on complex infrastructure projects, many of which we deliver on the basis of concession models. We additionally develop and operate real estate and facilities.

With almost 80,000 employees and a sales volume of EUR 25.53 billion in FY 2012, the company is represented in all the world's major markets. The 2012 ranking from Engineering News-Record magazine reaffirmed our Group's status as the world's most international provider, with over 90% of sales outside of Germany.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: HOCHTIEF AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction/Architecture/Infra articles,
CATCH Visitors via Your Competitors Announcements!


HOCHTIEF Completes Sale of the Services Business Line

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
HOCHTIEF AG | Services Business Line
Contact: Christian Gerhardus - HOCHTIEF.com 
+49 201 824-2642 christian.gerhardus[.]hochtief.de
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

Construction/Architecture/Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From HOCHTIEF AG / Company Profile


Read Construction/Architecture/Infra Most Recent Related Press Releases:

McCarthy Completes Construction of New 52 MWAC Solar Facility
Eurovia Awarded Motorway Contract in Slovakia
CIMIC's Thiess Wins Mount Pleasant Mining Services Contract
VINCI Highways Completes the Financial Arrangements for the A7 Motorway Public-private Partnership (A-Modell*) in Germany
CIMIC Group Companies Awarded NZ Schools PPP Project
Two Large VINCI Concessions Motorway Projects Open to Traffic in Greece
CIMIC's Leighton Asia Wins A$70.4m Ikea Outlet in India
HOCHTIEF Consortium Inaugurates Highway Route in Greece
CIMIC's Leighton Asia Wins A$278m Hong Kong Airport Expansion
CIMIC's CPB Contractors Preferred for Multi-billion Dollar West Gate Tunnel Project

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com

Visit  JobsWare.com







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today