MANNHEIM (Dow Jones) – Bilfinger Berger AG wants its Australian subsidiary to sell as expected. It had been decided, the Prepare for the IPO of the company, told the Mannheim Construction services on Tuesday. Bilfinger Berger had in the past year Problems with a road construction project in Qatar decided that the Reduce by two thirds of the construction business, and more on To share services.
The separation of Bilfinger Berger Australia is an essential Step, the performance of the construction business of around 6 billion EUR 2008 medium reduced to a magnitude of 2 billion EUR, said. The planned capacity of Bilfinger Berger Australia in Fiscal year 2009 is around 2.6 billion EUR, the EBIT margin of 3% as Bilfinger further informed.
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(END) Dow Jones Newswires
January 26, 2010 08:55 ET (13:55 GMT)
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