Seli Spa focusses on Asian market
23 November 2012A new Chinese partner, Tollian, has joined Seli Spa with a 29.84 per cent stake in the company, it was announced earlier this month. Accompanying the change was an increase in capital of EUR 30M (USD 38.5M), bolstering the group economically, Seli stated.
According to SELI insiders, the change will increase TBM construction for the Chinese and wider Asian market, which has an estimated value of EUR 40M -EUR 50M (USD 51M - USD 64M) annually.
The company stated: "Tollian gives SELI strong added value as it reinforces our presence in China, which is certainly a market for growth, and, at the same time, offers excellent possibilities for other areas around the world such as Africa, for example, where China is concentrating efforts to develop infrastructure."
