The Management Board of Strabag SE, as majority shareholder of Ed. Züblin AG, has announced that it expects to reach a contractual agreement soon with the minority shareholders of Züblin on a complete takeover of the 42.74% shares still held by the Züblin.
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. For STRABAG SE, approval by the Supervisory Board is still required.