Disposal of major concessions projects completed
December 22, 2015
Bilfinger sells shares in sections of Hungarian motorway
Bilfinger has sold its shares of 40 percent and 45 percent respectively in the privately financed motorway projects M6 Duna and M6 Tolna in Hungary. The buyer is a consortium consisting of Aberdeen Asset Management, Intertoll and the European Bank for Reconstruction and Development. The transaction was completed on December 22, 2015.
Proceeds from the sale for Bilfinger are in the magnitude of the present carrying amount of €50 million and the sum will flow to the company in the current year.
Bilfinger decided to sell its Concessions portfolio in 2013. With the sale of the last two major projects, the company has now completed this process.