Bilfinger examines sale of parts of the company
The crisis-ridden construction and real estate services group Bilfinger SE intends to dispose of parts of the company. Bilfinger has received offers from various interested parties for the possible acquisition of the Building, Facility Services and Real Estate divisions of the Building and Facility segment.
Based on expressions of interest from potential purchasers, Bilfinger had commissioned consultants to evaluate the market and accompany corresponding discussions. The offers received as a result are now to be examined in more detail.
The company emphasizes that the review is open-ended. The resolution does not imply a decision on the possible sale of these central divisions of the Building and Facility segment and any adjustment to the two-pillar strategy that may be required as a result. Rather, the basis for the decision is to be created in the further process.
According to the latest published figures, the Building and Facility division, whose core businesses could now be sold, is the division with the highest revenues and the highest operating profit. Bilfinger has been in crisis for many years and has cut thousands of jobs in recent years. For the past year, the Executive Board expects a loss of up to €540 million.
The sale plans are also likely to have an impact on Bilfinger's Swiss sites. In this country, the Group operates through Bilfinger Industrial Services Schweiz AG and Bilfinger HSG Facility Management. (ah)
