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Press release

PORR closes takeover of Hinteregger group

Vienna, 07 September 2017 - PORR AG's takeover of the long-established Salzburg company Hinteregger closed today following approval by the relevant anti-trust authorities.

PORR's latest acquisition represents an addition to the company's service portfolio in the tunnelling, industrial civil engineering and power station construction sectors and contributes to the expansion of their market position. The Hinteregger group currently employs approx. 890 staff members and the group's production output in the 2016 financial year was roughly EUR 220m. 
 
Karl-Heinz Strauss, CEO of PORR, welcomed the decision: “By successfully closing this acquisition, we will have strengthened our position in Austria. Thanks to the comprehensive expertise of both companies, we will be able to offer an even wider range of services to our clients in our core domestic market.”

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Milena IovevaCompany Spokesperson