Züblin Immobilien Holding AG currently still holds a minority stake in CI Contractors Investors AG, Zurich, a holding company which owns ZüblinSchlittlerSpaltenstein Bau AG, Zurich, and Eggstein AG, Kriens, two well positioned companies in the Swiss construction industry.

On June 18, 2004 CI Contractors Investors AG signed a contract with the internationally operating construction company STRABAG, Spittal/Drau, Austria covering the full takeover of the two operational units. It was agreed that the transaction price would not be disclosed. The transaction is subject to approval by the relevant bodies and antitrust authorities.

Züblin Immobilien Holding AG is thus completing its withdrawal from the construction business, a move it initiated some time ago. Züblin Immobilien Holding AG will retain the guarantee risks usually entailed in this type of sale.

Source: Züblin

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