Revetas takes majority stake in Süba AG

This was announced by Hallmann Holding International Investment GmbH on Friday afternoon. Both parties have agreed "to keep the sale price and other commercial terms of the transaction strictly confidential," it was stated.

Projects with a volume of around 1.5 billion euros in the pipeline

The ailing Süba AG brings a project pipeline of around 1.5 billion euros and more than 300,000 square meters of development space and is currently undergoing restructuring. Revetas' immediate priority is to work closely with the administrator and all key stakeholders to ensure a sustainable and efficient restructuring.

According to its own statements, Hallmann Holding has been active for 30 years and joined Süba in 2018. The recent handover to Revetas opens up "perspectives for the future of Süba AG and the construction of its projects," according to the announcement. According to the information, the Revetas Group has made investments and provided consulting services amounting to 5 billion dollars (4.2 billion euros) in Europe and the USA over time and has offices in New York, Vienna, Luxembourg, and London.

(APA/Red)

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