Green Light for Strabag’s Cooperation with Lafarge

IndustrialsBasic Resources ♦ 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…