Expansion to Australia: signing completed

• STRABAG has completed the 100% acquisition of Georgiou Group Pty Ltd.

• The acquisition received approvals from the STRABAG SE Supervisory Board and Australia's Foreign Investment Review Board.

• The purchase agreement was signed, valued at approximately €140 million.

• The acquisition will be financed through STRABAG's existing cash and cash equivalents.

• The transaction is expected to close in the first quarter of 2025.

• 100% acquisition of Georgiou Group Pty Ltd

• Approval received from FIRB and from STRABAG SE Supervisory Board

• Purchase agreement for acquisition signed

STRABAG, the European construction group, on 27 November 2024 announced its intention to acquire the Georgiou Group of Australia. The final purchase agreement for the 100% takeover of the road and infrastructure specialist was signed today, following receipt of the necessary approvals. The STRABAG SE Supervisory Board on 17 December 2024 approved the planned acquisition, followed on 18 December 2024 by approval from Australia’s Foreign Investment Review Board (FIRB).

The shares will be acquired as part of a share deal. The final purchase price, equivalent to around € 140 million, will be financed through the company’s existing cash and cash equivalents. The transaction is expected to close in the first quarter of 2025.