PBG creates infrastructure giant to bid for EU contracts

two engineering contractors owned by PBG, to create Hydrobudowa Polska, a company with zl.500 million in combined projected  revenues for this year. By merging the two firms, PBG wants to create a bigger and more efficient player that will be better placed to bid for major EU-sponsored projects in the two companies' core environment and water markets. Hydrobudowa Slaska reported a net profit of zl.7.1 million last year on sales of zl.127 million, while Hydrobudowa Wloclawek had revenues of zl.140 million and a net profit of zl.10 million. HW's current order book is worth zl.470 million and HS', zl.250 million. (Puls Biznesu, p. 11) R.M.