Strabag SE http://www.alacrastore.com/company-snapshot/Strabag_SE-3346136 Wednesday, October 08, 2008 5:21:42 AM 3346136 Strabag SE en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/655752spcred/655752normThe latest Summary from S&Pglobal6/24/2008 1:26:24 PM175Summary655752AustriaConstruction & EngineeringEurope, Middle East, AfricaGlobal IssuersCorporationsCapital GoodsSummaryThe rating on Austria-based engineering and construction group Strabag SE reflects the group's satisfactory business risk profile as a leader in road construction and civil engineering in Central and Eastern Europe (CEE). In addition, Strabag benefits from vertically integrated operations, which provide barriers to entry and strategic access to raw materials; good geographic diversification, which is likely to be further enhanced by ongoing expansion plans in Russia and Eastern Europe; a good operating track record; a strong contract backlog; and favorable demand prospects. The rating is constrained by the group's exposure to the cyclical nature of the construction industry, thin industry-typical operating margins, and lack of free operating cash flow (FOCF) generation. In addition, Strabag is exposed to project-related executionAUT20103010 201030 2010 20Strabag SE347009EUROMIDAFRBHLD@AVSUMMARYGLOBISSCORPCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/655747spcred/655747normThe latest Full Report from S&Pglobal6/24/2008 1:26:24 PM400Full Report655747AustriaConstruction & EngineeringEurope, Middle East, AfricaGlobal IssuersCorporationsCapital GoodsFull ReportStrong market positions in road construction in Central Europe and essential parts of Eastern Europe Vertically integrated operations, which provide barriers to entry and strategic access to raw materials Track record of stable profitability, which indicates overall good project execution and cost management Solid capital structure and strong liquidity following recent capital injections Strong order backlog and favorable demand conditions Cyclical and competitive industry, inherently exposed to project risk High exposure to the weakly profitable German construction sector Aggressive expansion plans in Russia Lack of free operating cash flow generation Limited transparency in corporate governance practices and financial policies The rating on Austria-based engineering and construction group Strabag SE reflects the group's satisfactory business risk profile as a leader inAUT20103010 201030 2010 20Strabag SE347009EUROMIDAFRBHLD@AVFULLGLOBISSCORPCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/650285spcred/650285normThe latest Summary from S&Pglobal5/26/2008 12:48:30 PM175Summary650285AustriaConstruction & EngineeringEurope, Middle East, AfricaGlobal IssuersCorporationsCapital GoodsSummaryThe ratings on Austria-based engineering and construction group Strabag SE reflect its satisfactory business risk profile as a leader in road construction and civil engineering in Central and Eastern Europe (CEE). In addition, Strabag benefits from vertically integrated operations, which provide barriers to entry and strategic access to raw materials; good geographic diversification, which is likely to be further enhanced by ongoing expansion plans in Russia and Eastern Europe; a good operating track record; strong contract backlog; and favorable demand outlook. The ratings are constrained by the company's exposure to the cyclical nature of the construction industry, thin industry-typical operating margins, and a lack of free cash flow generation. In addition, a portion of revenues come from fixed-price contracts, whereAUT20103010 201030 2010 20Strabag SE347009EUROMIDAFRBHLD@AVSUMMARYGLOBISSCORPCapitalCredit & Investment ResearchS&P Credit ResearchGERMANY - Strabag SE agreed to acquire a ##% interest in Kirchner Holding Gmbh, a Bad Hersfeld-based construction company. Terms were not disclosed. The transaction was subject to regulatory approval.4/19/2008 9:33:30 AM86288N49768T86288N49768TStrabag SEKirchner Holding GmbhStrabag SEKirchner Holding Gmbhhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Strabag_SE_acquires_Kirchner_Holding_Gmbh-1970529040sdc/19705290401970529040Copyright © 2008, Thomson Financial, All Rights ReservedViennaConstruction FirmsAustriaResidential construction, nec1522FFForeignPublicSTR1521:Single-family housing construction1522:Residential construction, nec1541:Industrial buildings and warehouses1542:Nonresidential building construction, nec1611:Highway and street construction1622:Bridge, tunnel, and elevated highway construction1629:Heavy construction, nec1711:Plumbing, heating and air conditioning1761:Roofing, siding, and sheet metal work1799:Special trade contractors, nec1521:Single-family housing construction1522:Residential construction, nec1541:Industrial buildings and warehouses1542:Nonresidential building construction, nec1611:Highway and street construction1622:Bridge, tunnel, and elevated highway construction1629:Heavy construction, nec1711:Plumbing, heating and air conditioning1761:Roofing, siding, and sheet metal work1799:Special trade contractors, necConstruction FirmsGermanyResidential construction, nec1522FFForeignPrivate391744001Constr coConstr coUnspecifiedStock19658001Apr 19 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.00000Strabag SE, located in Vienna,Austria, is a constructioncompany. The company providesbuilding construction, civilengineering, roadconstruction, tunneling andother services. The company'sbrands include Dywidag,Zublin, Insond, OAT,Prottelith and others. Thecompany's operations lie inGermany, Austria, CzechRepublic, Hungary, Poland,Switzerland, Slovakia, Russia,Croatia and Benelux. Thecompany was founded in 1835.Strabag SE, located in Vienna, Austria, is a constructioncompany. The company provides building construction, civilengineering, road construction, tunneling and otherservices. The company's brands include Dywidag, Zublin,Insond, OAT, Prottelith and others. The company's operationslie in Germany, Austria, Czech Republic, Hungary, Poland,Switzerland, Slovakia, Russia, Croatia and Benelux. Thecompany was founded in 1835.Strabag SE, located in Vienna, Austria, is a construction company. The company provides building construction, civil engineering, road construction, tunneling and other services. The company's brands include Dywidag, Zublin, Insond, OAT, Prottelith and others. The company's operations lie in Germany, Austria, Czech Republic, Hungary, Poland, Switzerland, Slovakia, Russia, Croatia and Benelux. The company was founded in 1835.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.00000Kirchner Holding Gmbh, locatedin Bad Hersfeld, Germany, is aconstruction company. Thecompany provides constructionof roads, railway tracks andbridges. The company alsoprovides civil engineering,environmental technology,gaining and processing ofconstruction materials as wellas in project development andin international construction.The company was founded in1926.Kirchner Holding Gmbh, located in Bad Hersfeld, Germany, isa construction company. The company provides construction ofroads, railway tracks and bridges. The company also providescivil engineering, environmental technology, gaining andprocessing of construction materials as well as in projectdevelopment and in international construction. The companywas founded in 1926.Kirchner Holding Gmbh, located in Bad Hersfeld, Germany, is a construction company. The company provides construction of roads, railway tracks and bridges. The company also provides civil engineering, environmental technology, gaining and processing of construction materials as well as in project development and in international construction. The company was founded in 1926.0.000000.000000.000000.00000Y17 Apr 08Thu, 17 Apr 2008 00:00:00 ESTDate Announced: 04/17/2008Date Effective:Acq. Maj. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000GERMANY - Strabag SE agreed toacquire a 80% interest inKirchner Holding Gmbh, a BadHersfeld-based constructioncompany. Terms were notdisclosed. The transaction wassubject to regulatoryapproval.GERMANY - Strabag SE agreed to acquire a 80% interest in Kirchner Holding Gmbh, a Bad Hersfeld-based construction company. Terms were not disclosed. The transaction was subject to regulatory approval.GERMANY - Strabag SE agreed to acquire a 80% interest in Kirchner Holding Gmbh, a BadHersfeld-based construction company. Terms were not disclosed. The transaction was subjectto regulatory approval.GERMANY - Strabag SE agreed to acquire a 80% interest in Kirchner Holding Gmbh, a Bad Hersfeld-based construction company. Terms were not disclosed. The transaction was subject to regulatory approval.GERMANY - Strabag SE agreed to acquire a 80% interest in Kirchner Holding Gmbh, a Bad Hersfeld-based construction company. Terms were notdisclosed. The transaction was subject to regulatory approval.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001521:Single-family housing construction1522:Residential construction, nec1541:Industrial buildings and warehouses1542:Nonresidential building construction, nec1611:Highway and street construction1622:Bridge, tunnel, and elevated highway construction1623:Water, sewer, pipeline & utility line construction1629:Heavy construction, nec1711:Plumbing, heating and air conditioning1731:Electrical work1741:Masonry, stone setting, and other stone work1742:Plastering, drywall, acoustical & insulation work1751:Carpentry work1752:Floor laying and other floor work, nec1761:Roofing, siding, and sheet metal work1771:Concrete work1799:Special trade contractors, nec391744001ViennaAustria1522ForeignPublicSTR1521:Single-family housing construction1522:Residential construction, nec1541:Industrial buildings and warehouses1542:Nonresidential building construction, nec1611:Highway and street construction1622:Bridge, tunnel, and elevated highway construction1623:Water, sewer, pipeline & utility line construction1629:Heavy construction, nec1711:Plumbing, heating and air conditioning1731:Electrical work1741:Masonry, stone setting, and other stone work1742:Plastering, drywall, acoustical & insulation work1751:Carpentry work1752:Floor laying and other floor work, nec1761:Roofing, siding, and sheet metal work1771:Concrete work1799:Special trade contractors, nec19658001Germany1522ForeignPrivate0.000000.000000.000000.00000Deal InformationTF Mergers & Acquisitions