Porr: Turkish stake might increase

IndustrialsConstruction ♦ Published: December 23, 2010; 22:10 ♦ (Vindobona)

The Turkish Renaissance Group currently holds a 10% stake in Austria's third-largest construction group. This share could be increased significantly.

Porr: Turkish stake might increase / Picture: © Porr AG

According to the "Wirtschaftsblatt", the Turkish Renaissance Group, specialized in construction is very interested in increasing  its share in Porr AG. This would also be advantageous for Porr, since it could expand more easily on the growing Turkish market. The Renaissance Group is considered to be very well connected and has access to markets in North Africa and Middle East. In…