Germany’s Bilfinger sells shares in Hungary motorway projects
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05 January 2016
German-based Bilfinger has sold its shares in two privately financed motorway projects − M6 Duna and M6 Tolna in Hungary.
The company had a 40% share in the M6 Duna project, and 45% in the M6 Tolna project. The buyer is a consortium consisting of Aberdeen Asset Management, Intertoll and the European Bank for Reconstruction & Development.
The sale of the shares is said to be worth around of €50 million.
Bilfinger announced it would sell its concessions portfolio in 2013, and the sale of the last two major projects means the company has now completed this process.
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