Bilfinger Berger initiates sale of its concessions business

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Bilfinger Berger initiates sale of its concessions business

Bilfinger Berger has announced in a press released that "due to the declining strategic role of the Concessions business segment, Bilfinger intends to divest these activities. Business opportunities with other units of the company, construction areas in particular, have decreased significantly. Bilfinger will now begin concrete discussions with potential buyers."

In its Concessions business segment, Bilfinger implements transport and social infrastructure projects on the basis of long-term concession contracts as a private partner to the public sector. Important markets include Australia, North America and Europe. The project portfolio currently comprises 16 projects to which equity of €254 million has been committed.

Bilfinger Berger announced the sale of 18 public-private partnership (PPP) projects to Bilfinger Berger Global Infrastructure Fund in Q1 2012, leading to net proceeds of about €240 million for Bilfinger Berger. The fund had carried out an initial public offering in December 2011 raising £212 million.

Source: Bilfinger Berger

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