Press release -
German STRABAG AG now belongs 100 % to the STRABAG SE group
- Merger of STRABAG AG onto Ilbau with squeeze-out of the minority shareholders is complete
- Delisting of STRABAG AG
The upstream merger squeeze-out of the minority shareholders of STRABAG AG that was approved by the Cologne Higher Regional Court on 14 December 2017 has been completed. As the company announced today, the relevant registry entries have been made. The minority shareholders will receive an adequate cash settlement. The STRABAG SE group now owns all shares of the delisted STRABAG AG.
STRABAG AG, Cologne, was merged with the German group holding company Ilbau Liegenschaftsverwaltung AG (Ilbau) based in Hoppegarten. At the time of the merger, Ilbau was renamed STRABAG AG so that the venerable STRABAG brand will be seamlessly continued. The organisational structure and business activity of STRABAG AG remain unchanged, all contact persons at the various offices will remain available with the previous contact information. As a next step, an application will be filed in the following days to move the official seat of STRABAG AG back to the company headquarters in Cologne. “The established STRABAG brand name will continue to stand for quality and innovation when it comes to maintaining and growing Germany’s infrastructure,” said the management board of STRABAG AG.
The success story of Cologne-based STRABAG AG began in the year 1923. Today the company is part of Austrian-based STRABAG SE Group and market leader in the transportation infrastructures segment in Germany with an annual output volume of more than € 4 billion. The approx. 11,500 employees show commitment every day to delivering first-rate construction services far beyond the usual road construction works. While focusing on the digitalisation of its work processes, STRABAG AG’s units cover the entire value chain in the construction of infrastructure facilities: from digital design to construction material extraction and production to actual construction of the projects to maintenance and repair by the company’s own road maintenance services. More information is available at www.strabag.de.