BILFINGER Berger Australia is being sold by its German parent company Bilfinger Berger AG.
According to Bilfinger Berger Australia, it will be established as a standalone entity and BBAG will reduce its ownership in the company.
Bilfinger Berger Australia will be sold via an Initial Public Offering, and so will be listed on the ASX.
The move is part of BBAG’s strategy to reduce its construction business and refocus on core property services business in Europe.
Bilfinger Berger Australia’s operations include Abigroup and Baulderstone, and the company also owns and operates Bilfinger Berger Services which is a maintenance and asset management service provider.
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