Construction group STRABAG to acquire Van Elle as shareholders back takeover

STRABAG SE Moves Closer to Van Elle Acquisition as Shareholders Approve Scheme of Arrangement

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Van Elle shareholders back Strabag takeover but profit outlook slips

Strabag UK’s £58.8m takeover of geotechnical contractor Van Elle has moved a step closer after shareholders overwhelmingly backed the move. Meanwhile, Van Elle warned that its full-year profit would fall below previous expectations. Yesterday (28 May), 99.96 per cent of shareholders voted in favour of… The post Van Elle shareholders back Strabag takeover but profit outlook slips appeared first on Construction News.

Construction group STRABAG to acquire Van Elle as shareholders back takeover

Van Elle’s shareholders have voted to approve its acquisition by construction group STRABAG. A majority of Van Elle shareholders, representing 99.96% by value of the votes cast, voted in favour of the £58.8m deal. It comes as STRABAG pursues a broader diversification of its country portfolio, building on its strong market position in Central and […]