Bilfinger receives offers for main division

14 January 2016

Per Utnegaard, CEO, Bilfinger

Per Utnegaard, CEO, Bilfinger

German-based Bilfinger has said it has received offers for the main division of its building and facility segment – one of its two core businesses.

The engineering services group said it had spoken with advisors after receiving interest in the division and had decided to review the offers.

Bilfinger said, "The subsequently received offers will now be analysed in detail." The company has not disclosed the details of the bidders or the price.

It said a decision had not yet been taken on a sale. A deal could mean a change to its decision, unveiled in October by new CEO Per Utnegaard, to focus on two divisions – industrial, and building and facility.

Bilfinger said in November that it expected the building and facility segment to reach output volume of about €2.8 billion in 2015.

Latest News
Makinex to distribute HG in North America
Deal follows similar agreement for Australia
Fatalities as fire engulfs apartment blocks in Spain
There are reports that the cladding used on the building may have caused the fire to spread quickly 
The German city going electric with its equipment
City looking to electric equipment to meet its sustainability targets