Porr Enters Alliance in Slovenia

IndustrialsConstruction ♦ Published: February 17, 2011; 02:34 ♦ (Vindobona)

The Austrian construction company establishes a joint venture with SCT, the dominant construction company in Slovenia.

Porr Enters Alliance in Slovenia / Picture: © Porr AG

The Slovenian construction company SCT, which went insolvent by the end of 2010, continues dominating the local construction industry. Porr now creates a joint venture with SCT to allow the Slovenian partner to stay in business. Owing to the insolvency, SCT is prevented from participating in tenders. The joint venture is therefore a shared interest, sources stressed. Porr holds 49% in…