Bloomberg News

Strabag May Appeal Cemex Ruling on Withdrawal to Acquire Units

June 12, 2012

Strabag SE (STR), central Europe’s biggest construction company, said it may appealing an arbitration ruling that awarded Cemex SAB $44.4 million dollars.

The largest cement maker in the Americas had requested $150 million and interest from Strabag for the Vienna-based company’s withdrawal from buying Cemex’s Austrian and Hungarian assets in 2009, Diana Klein, a spokeswoman for the company, said in a telephone interview today. Cemex yesterday announced that it had won part of this sum.

“Fact is that we won the largest part of this case,” Klein said.

To contact the reporter on this story: Zoe Schneeweiss in Vienna at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Jonathan Tirone at jtirone@bloomberg.net


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