Asamer of Austria to split up activities
First publishedon www.AggBusiness.com
The struggling Austrian construction materials company Asamer has confirmed that its liabilities amount to around €400 million.
The company's administrator plans to divide Asamer into two entities. The current family owners of Asamer will retain the core activities in Austria, along with the firm's plants in Slovakia and Bosnia Herzegovina. This amounts to a total turnover of €200 million compared to Asamer's current overall turnover of €452 million.
The administrator is to look for investors and strategic partners for Asamer's remaining activities, including the business in Libya and plants in the Arabic Peninsula, Hungary, Czech Republic and the Balkan States.