CORRECT: Bilfinger Reduces Investment In Julius Berger Nigeria
03 Febbraio 2012 - 4:42PM
Dow Jones News
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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