Porr of Austria Considering Approach for Bilfinger’s Polish Unit

Porr AG, an Austrian builder, is considering making an offer for Bilfinger SE’s up-for-sale Polish business as it seeks to expand construction operations in international markets.

Porr told Mannheim, Germany-based Bilfinger that it’s interested in buying the unit, spokeswoman Sandra Bauer said by e-mail on Monday. The potential acquisition would complement Vienna-based Porr’s existing Polish operations while assets in Norway will fit with the company’s Scandinavian presence, she said.

Bilfinger, which used to be Germany’s second-biggest builder, has been exiting that industry to focus on industrial and real estate services such as the management of factories, power plants and office buildings. The Polish unit was put up for sale last May, while the rest of its global construction business was sold to Switzerland’s Implenia AG for 230 million euros ($256 million) in March.

“We are in discussions with interested parties and the next step would be to announce a sale as and when it has been realized,” Bilfinger spokesman Michael Weber said by phone. The unit had full-year sales of between 150 million euros and 200 million euros in 2014 and has about 800 employees, he said.

Bilfinger shares gained 2.2 percent to 45.73 euros as of 12:34 p.m. in Frankfurt, paring the year’s decline to 1.4 percent. Porr stock increased 0.9 percent to 53.45 euros in Vienna, valuing the company at 780 million euros.

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