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Strabag Aims to Take Over Italian Highway Operator

Published: November 7, 2012; 17:50 · (Vindobona)

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: © Flickr

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…

This article includes a total of 67 words.

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