Strabag and Zueblin in merger talks (DE)

German construction companies Strabag AG and Ed Zueblin AG have launched merger talks, Sueddeutsche Zeitung reported, citing Strabag chief executive Hans Peter Haselsteiner.

In a pre-release of an article appearing in tomorrow´s edition, the newspaper quoted Haselsteiner as saying the merged company would also include parts of Walter Bau AG, which recently filed for insolvency.

Austria-based Haselsteiner would be willing to base the new company at Zueblin´s Stuttgart headquarters, he added.

According to newspaper reports published last month, Zueblin and Strabag are two of four construction companies to have started due diligence on Walter Bau.
Source: Freeman

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