Bilfinger sells construction division, looks to sell its Polish business

Engineering and services group Bilfinger has sold a major portion of its civil engineering business to Swiss construction firm Implenia. “Net proceeds from the sale of the Construction division, after deducting transaction-related expenses, are expected to be in the magnitude of €230 million,” Bilfinger wrote in a statement. The group is still looking for a buyer for the group’s remaining Polish branch. “Bilfinger is focusing on engineering and services for industrial facilities, power plants and real estate and had put its civil engineering business up for sale in May 2014. With regard to the remaining Polish construction business, the Group is in contact with other interested parties,” the company said.