Wednesday, June 19, 2013

Reuters: Bankruptcy News: Porr says in talks to buy parts of FCC's Alpine Bau

Reuters: Bankruptcy News
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Porr says in talks to buy parts of FCC's Alpine Bau
Jun 19th 2013, 08:47

VIENNA, June 19 | Wed Jun 19, 2013 4:47am EDT

VIENNA, June 19 (Reuters) - Austrian construction firm Porr said on Wednesday it was in talks to buy parts of FCC unit Alpine Bau, which has filed for insolvency.

"Porr is interested to take over parts of Alpine or a reasonable unified structure for Austria. Talks are taking place about this," the company wrote in an email. "Of course, we expect other interested parties."

Alpine Bau is Austria's second-largest construction firm after Strabag. Strabag had no immediate comment on its potential interest in Alpine assets. (Reporting by Alexandra Schwarz; writing by Georgina Prodhan. Editing by Jane Merriman)

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