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| Vinci acquires 75% stake in Czech construction company  Vinci Construction has recently acquired a 75% stake in the construction company Prumstav, based in Prague (Czech Republic). The remainder of the capital is held by the company's managers. Prumstav, which was set up in the Czech Republic over 50 years ago, generates sales of 70 million euros and employs 500 people. It is active in construction and renovation of buildings. In the Czech Republic, Vinci Construction already generates sales of over 145 million euros through its subsidiaries FCC, SMP and VINCI Construction Grands Projets.With this acquisition, Vinci increases its sales in the Czech Republic to over 900 million euros, out of total sales of 1.7 billion euros in Central and Eastern Europe. write your comments about the article :: © 2007 Construction News :: home page |