FCC-Alpine
Premium Content
29 April 2008
Austria: Spanish construction group FCC has agreed to pay € 480 million (US 615 million) for an 80.7% stake in Alpine Mayreder Bau, Austria's second-largest contractor. Alpine expects revenues of € 2.01 billion (US$ 2.58 billion) in 2006 and Earnings Before Interest, Tax and Amortisation (EBITA) of € 115 million (US$ 147 million). Its order backlog is expected to total € 2.8 billion (US$ 3.6 billion) by the time the deal is complete.
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
Longer reads
The world’s largest construction companies continue to spend huge sums R&D. But how much exactly?
Sarens and Tadano carry out Dutch demolition project
Robots have been threatening to take over work on construction sites for the past several years and haven’t. Will they eventually?
CONNECT WITH THE TEAM
Neil Gerrard
Senior Editor, Editorial, UK - Wadhurst
Tel: +44 (0) 7355 092 771
E-mail: [email protected]
