EANS-Adhoc: BAUER Aktiengesellschaft
BAUER Group expecting major contract to remediate the Mosul Dam in Iraq
03.11.2011 – 13:39
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 03.11.2011 Schrobenhausen, November 3, 2011 - On November 3, 2011, an affiliated company of BAUER AG (ISIN: DE005168108) signed a Letter of Understanding with the Ministry of Water Resources of Iraq in connection with the visit of Philipp Rösler, Germany´s Federal Minister of Trade and Industry, to Baghdad. This document announces that the BAUER Group will be awarded the contract for the Mosul Dam remediation project, subject to further contractual details being agreed. The contract could be finalized within the next few months. With a total contract value equivalent to EUR 1.9 billion, and a scheduled execution period of around six years, the technically challenging project would be the largest yet undertaken in the history of the BAUER Group. The Mosul Dam on the River Tigris is in need of remediation. It is located in the north of Iraq, approximately 70 kilometres from the Turkish border, and is the country's largest dam. Additional information: ISIN: DE0005168108, Bloomberg B5A Official market / Prime Standard; Frankfurt Stock Exchange Further inquiry note: Bettina Erhart / Christopher Wolf Investor Relations Telefon: +49(0)8252 97 1918 E-Mail: investor.relations@bauer.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: BAUER Aktiengesellschaft BAUER-Straße 1 D-86529 Schrobenhausen phone: +49 (0)8252-97-1918 FAX: +49 (0)8252-97-2900 mail: investor.relations@bauer.de WWW: http://www.bauer.de sector: Construction & Property ISIN: DE0005168108 indexes: SDAX, CDAX, Classic All Share, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München language: English