BFLBY Bilfinger SE (PK)

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

Bilfinger (PK) (USOTC:BFLBY)
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Bilfinger (PK) (USOTC:BFLBY)
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