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STRABAG SE acquires a further 21.13 percent of German subsidiary STRABAG AG
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STRABAG SE, the largest construction group in Central and Eastern Europe, now holds 87.72 % of its publicly traded German subsidiary STRABAG AG, Cologne.
By the deadline for acceptance on 22 July 2008, the voluntary public purchase offer issued by STRABAG SE on 17 June had been accepted for 851,679 shares of STRABAG AG, Cologne, corresponding to approx. 21.13 % of the share capital and voting rights of STRABAG AG.
Hans Peter Haselsteiner, CEO of STRABAG SE, sees this as a success: “The fact that so many shareholders offered us their shares in STRABAG AG tells me that our bid was fair and that the assessment of the company’s share price at € 260 was right.”
Today, Monday, STRABAG SE will complete the takeover and pay roughly € 221 million for the offered shares.
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