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© STRABAG
© STRABAG

STRABAG SE agrees with minority shareholders on 100 % takeover of Ed. Züblin AG

  • Approval by the STRABAG SE Supervisory Board still required

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.

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STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our activities span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by taking an end-to-end view of construction over the entire life cycle – from planning and design to construction, operation and facility management to redevelopment or demolition. In all of our work, we accept responsibility for people and the environment: We are shaping the future of construction and are making significant investments in our portfolio of more than 250 innovation and 400 sustainability projects. Through the hard work and dedication of our approximately 86,000 employees, we generate an annual output volume of around € 19 billion.
Our dense network of subsidiaries in various European countries and on other continents extends our area of operation far beyond the borders of Austria and Germany. Working together with strong partners, we are pursuing a clear goal: to design, build and operate construction projects in a way that protects the climate and conserves resources. More information is available at www.strabag.com.