Wednesday, June 26, 2013

Reuters: Bankruptcy News: Strabag SE eyes assets of insolvent Alpine Bau

Reuters: Bankruptcy News
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Strabag SE eyes assets of insolvent Alpine Bau
Jun 26th 2013, 18:19

VIENNA, June 26 | Wed Jun 26, 2013 2:19pm EDT

VIENNA, June 26 (Reuters) - Austrian construction group Strabag SE is interested in buying parts of insolvent rival Alpine Bau, Strabag said on Wednesday.

It mentioned in particular Alpine's Hazet, Universale and ARB Holding units, adding in a statement it was not yet in talks with administrators but was prepared to make offers at short notice.

Alpine Bau, the Austrian arm of Spanish construction group FCC, faces being broken up after the failure of talks to save the company in its current form, putting up to 5,000 jobs at risk. (Reporting by Michael Shields; Editing by Greg Mahlich)

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