April 27, 2017
The Austrian publicly listed construction group Strabag posted a record year 2016, with an order backlog at a record-high of €14.8 billion. Thomas Birtel, chief executive of Strabag, said that 2016 was a “satisfactory and eventful” year for the company. “We managed to acquire the minority interest in our subsidiary [civil engineering company] Ed Züblin in Stuttgart and of the remaining stake in Raiffeisen evolution, now called Strabag Real Estate.” Both companies are now wholly owned by Strabag. Consolidate