Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Strabag to Sell Heilit Umwelttechnik and Dalnicni Stavby Praha

Don't Miss Out —
Follow us on:

June 29 (Bloomberg) -- Strabag AG, the German unit of Austria’s biggest builder, said it will sell two subsidiaries in order to focus on transport construction.

The unit said it will sell Dusseldorf, Germany-based HEILIT Umwelttechnik GmbH and Prague-based Dalnicni Stavby Praha AS, in an e-mailed statement today. While details of the sales are yet to be finalized, the two transactions should be completed in the second half of 2012, the company said.

The sales should result in income of at least 140 million euros ($177 million), the company said.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.