Green Light for Strabag’s Cooperation with Lafarge

Published: August 5, 2011; 17:09 · (Vindobona)

The Austrian construction company has wrapped up the acquisition of a 30% stake in the joint venture with the French building material supplier.

Green Light for Strabag’s Cooperation with Lafarge / Picture: © Strabag SE

Strabag and Lafarge, the world leader in building materials, took a further step towards cooperation in several Central and Eastern European countries. The Austrian construction company has fixed the acquisition of a 30% stake in the joint venture Lafarge Cement CE Holding GmbH. Strabag had filed for approval of the deal by the Austrian Federal Competition Authority in fall 2010. “We now own a 30% stake in this company”, confirmed spokeswoman Diana Klein.

Strabag and Lafarge had signed an agreement on 25 May 2010 creating the holding company Lafarge Cement CE Holding GmbH, headquartered in Austria. As part of the deal Lafarge brought its cement plants at Mannersdorf and Retznei in Austria, Cížkovice in Czech Republic and Trbovlje in Slovenia into the holding, while Strabag contributed its plant in Pécs, Hungary.

Lafarge Cement CE Holding GmbH will have a total annual production capacity of 4.8 million tons of cement. These construction materials will be sold under the Lafarge brand name in all countries. By joining their activities on the Austrian, Czech, Slovak, Slovenian and Hungarian markets, the two companies expect significant synergies in terms of investment and cost.