Porr Enters Alliance in Slovenia

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…

This article includes a total of 193 words.

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