Bloomberg News

Strabag to Sell Heilit Umwelttechnik and Dalnicni Stavby Praha

June 29, 2012

Strabag AG, the German unit of Austria’s biggest builder, said it will sell two subsidiaries in order to focus on transport construction.

The unit said it will sell Dusseldorf, Germany-based HEILIT Umwelttechnik GmbH and Prague-based Dalnicni Stavby Praha AS, in an e-mailed statement today. While details of the sales are yet to be finalized, the two transactions should be completed in the second half of 2012, the company said.

The sales should result in income of at least 140 million euros ($177 million), the company said.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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