Strabag set to complete Züblin takeover

11 December 2015

AUSTRIA – Contractor Strabag has announced that it expects to agree terms for a complete takeover of Züblin. Currently the majority shareholder, it announced that an informal agreement has already been reached covering the core requirements of the deal. Although all parties have agreed not to disclose the specifics at this time.

Strabag at least still requires approval from its Supervisory Board.