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Tue April 13 2021

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Strabag agrees full takeover of Ed Züblin

8 Dec 15 Strabag, as majority shareholder of Ed Züblin, is expecting to finalise a deal to acquire the remaining shares in the company.

It announced that it expects in all probability to reach a contractual agreement soon with the minority shareholders on a complete takeover of the shares. The minority shareholders currently hold 42.74% of the shares in company, which is based in Stuttgart, Germany.

Both sides have confirmed an informal agreement on the most important conditions of the share transfer. They have agreed not to disclose any information on the conditions at this time.

On the part of Strabag, approval by the Supervisory Board is still required.

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