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Strabag Aims to Take Over Italian Highway Operator
The Italian highway operator Milano Serravalla is going to be privatized. The Austrian construction company plans to acquire the majority.
Strabag Aims to Take Over Italian Highway Operator / Picture: © Vindobona.org
According to media reports, Austria´s biggest construction company Strabag may take over Milano Serravalla. Strabag is one out of four applicants. The acquisition would cost about € 658m. Moreover, the buyer would have to make investments of more than € 400m. Last year, Milano Serravalla generated revenues of € 58.3m. The net income reached € 17.0m. The company operates…
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