Who shares wins

Article Abstract:

The recent asset swap undertaken by George Wimpey and Tarmac was on a very large scale, involving businesses worth around 600 million pounds sterling. Wimpey transferred its minerals and construction operations to Tarmac, while the latter concern transferred its housing division to Wimpey. Both companies feel that they will operate more effectively in difficult market conditions in the construction industry by divesting non-core operations.

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Coming to the rescue in eastern Germany

Article Abstract:

There is much scope for economic investment in eastern Germany and great potential for the local funding of acquisitions. Two major transactions that took place in the region during 1995 are the privatizations of copper processor Mansfelder Kupfer und Messing and Urban Management's construction companies Industriebau Ost and Schwedter Bau. WestMerchant Bank's Berlin office was a key adviser in the deals.

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Empire-building

Article Abstract:

The European construction industry has seen some consolidation during April 2001. Alfred McAlpine has acquired Proby at a cost of US$75 million. Wilson Connolly has acquired Wainhomes.

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