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Ad-hoc Release
Ad-hoc release
BAUER Group expecting major contract to remediate the Mosul Dam in Iraq
Ad-hoc release in accordance with section 15 of the German Securities Trading Act (WpHG)
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.
Supplementary information:
ISIN: DE0005168108, Bloomberg B5A
Official Market / Prime Standard; Frankfurt Stock Exchange
Contact:
Bettina Erhart / Christopher Wolf
Investor Relations
BAUER Aktiengesellschaft
BAUER-Strasse 1
86529 Schrobenhausen, Germany
Tel.: +49 8252 97-1797
Fax: +49 8252 97-2900
Email: investor.relations@bauer.de
Internet: www.bauer.de
