Austrian construction group Strabag has been given the go-ahead by the European Commission to acquire its German competitor Zublin via its holding company FIMAG
. The two firms are counted amongst Germany's largest construction firms, but the Commission is convinced that the transaction will not have a negative impact on competition as the German market share of the new entity will remain limited.
The owners of iGuzzini Illuminazione S.p.A, Fimag
Upon finalising the transaction, the sellers (the Guzzini family through the legal entity Fimag
S.p.A and Tipo TIP - PreIPO S.p.A) will receive a significant portion of the consideration in Fagerhult shares with the aim of becoming shareholders of the combined entity.