Porr takes over TEERAG-ASDAG and starts reorganization

People ♦ Published: December 20, 2010; 19:49 ♦ (Vindobona)

The Porr Group presents a new corporate structure. Focus is put on domestic civil engineering and road construction with TEERAG-ASDAG.

Porr takes over TEERAG-ASDAG and starts reorganization / Picture: © Porr AG

The negotiations already started by the former board of Porr AG to acquire TEERAG-ASDAG could now be concluded. Subject to approval by the Supervisory Board of the Wiener Stadtwerke Holding, which is meeting these days to make a final decision, and also by the antitrust authorities, the Porr Group takes over TEERAG-ASDAG entirely and will continue to operate it as an independent…