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BFLBY Bilfinger SE (PK)

9.99
0.00 (0.00%)
26 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Bilfinger SE (PK) USOTC:BFLBY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 9.99 9.59 11.11 0.00 21:17:21

CORRECT: Bilfinger Reduces Investment In Julius Berger Nigeria

03/02/2012 3:42pm

Dow Jones News


Bilfinger (PK) (USOTC:BFLBY)
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German construction company Bilfinger Berger SE (GBF.XE) said Friday it will sell 10% of Julius Berger Nigeria PLC (JBERGER.LA) shares to Nigeria's Nestoil Group.

MAIN FACTS:

-The sale is to take effect in the first quarter of 2012 and will generate net proceeds of EUR20 million for Bilfinger Berger.

-With the sale, Bilfinger Berger reduces its minority stake in Julius Berger Nigeria to 39.9%, as planned.

-The German construction company reiterated that it intends to gradually reduce its stake in Julius Berger Nigeria further.

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500

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