May 27, 2012
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German group eyes investment in Turkey
23 December 2009 / TODAY'S ZAMAN WITH WIRES, İSTANBUL
Bilfinger Berger, Germany’s second-largest construction group, is preparing to enter the Turkish market as well as India and the Middle East, the Financial Times reported on Tuesday.
Herbert Bodner, chief executive of Bilfinger Berger, told the newspaper that the company aims to expand its industrial services business into countries such as India, Turkey and the Middle East. Looking for acquisition opportunities in emerging markets, the German group has already started to look for possible partnership deals with local companies in the above-mentioned countries.
The group expects to make 80 percent of its output from its industrial services by the end of 2011, while its construction business should shrink to 20 percent, the Financial Times also reported. The group’s output was $15.3 billion, 60 percent of which came from the construction sector, in 2008.
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