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| Wienerberger plans full takeover of Semmelrock International  Austrian brickmaker Wienerberger AG announced the acquisition of the remaining 25% stake in Semmelrock International, the leading supplier of exclusive concrete pavers in Austria and Central and Eastern Europe. Wienerberger has held a 75% stake in the company since 1996, while the remaining shares are owned by private foundations which have now decided to sell their holdings. With plants in Austria, Slovakia, the Czech Republic, Hungary, Poland, Croatia, Romania and Bulgaria as well as sales organizations in Slovenia and Bosnia-Herzegovina, Semmelrock employs a workforce of over 1,000 people. In 2009, the group generated revenues of € 125 million and EBITDA of € 18 million. The purchase price will involve € 7 million in cash and the transfer of one million Wienerberger shares from the treasury stock currently held by Wienerberger AG. Accordingly, the acquisition is subject to a two-week waiting period under Austrian stock corporation law and to subsequent approval by the Supervisory Board.write your comments about the article :: © 2010 Construction News :: home page |