Ad-hoc: Mutares sells EUPEC Germany

Disclosure of an inside information according to Article 17 MAR

Mutares has sold EUPEC Germany, a non-operating company that owns a concrete weight coating plant for gas pipelines in Mukran, Germany, for EUR 19.5m to the Malaysian Wasco Group which will utilize the plant for the “Nord Stream 2” project. Through earn-out payments until 2019, the purchase price can rise up to EUR 32m in total.

The operating business of EUPEC France, which generated revenues of EUR 72m and operating earnings of EUR 13m in 2015 by coating oil and gas pipelines, remains a part of the Mutares Group. EUPEC France was hit by the downturn of the oil and gas market in 2016, but expects for 2017 a stabilization in a slightly growing market.

Company profile of Mutares AG

Mutares AG, Munich (www.mutares.de), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2018, Mutares’ portfolio companies generated consolidated revenues of EUR 865 million and employed more than 4,700 people worldwide. The shares of Mutares AG are listed on Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650).