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STRABAG SE agrees with minority shareholders on 100 % takeover ofEd. Züblin AG
Press Wire ♦
Published: December 7, 2015; 14:17 ♦ (Vindobona)
The Management Board of STRABAG SE, as majority shareholder of Ed. Züblin AG, announces that it expects in all probability to reach a contractual agreement soon with the minority shareholders of Züblin on a complete takeover of the shares held by the latter in the Stuttgart/Germany-based company (42.74 %). Both sides have just confirmed an informal agreement on the most important conditions of the share transfer. The parties to this proposed transaction have agreed not to disclose any information on the conditions at this time. On the part of STRABAG SE, approval by the Supervisory Board is still required.
STRABAG SE agrees with minority shareholders on 100 % takeover ofEd. Züblin AG / Picture: © Vindobona.org
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