Bilfinger has agreed to sell its Building and Facility business segment to EQT for €1.2 billion, subject to approval from authorities. It intends to use the proceeds to invest in and expand its core Industrial Services business through targeted acquisitions and to strengthen its balance sheet. We are revising the outlook on Bilfinger to stable from negative reflecting our view that materially stronger key credit ratios post the disposal will offset the weakening business risk profile. We are affirming our 'BB+/B' long- and short-term corporate credit ratings. We will review our credit opinion on the group once Bilfinger puts into action its strategic options post the disposal. On June 24, 2016, S&P Global Ratings revised the outlook on Germany-based Bilfinger
