M&A

M&A

HCC unit sells off Swiss unit Steiner Construction for Rs.928-Cr

Press Release  

Publicly listed Hindustan Construction Company (HCC) has sold its Switzerland-based, step down construction business subsidiary Steiner Construction SA to France-based Demathieu Bard for approximately CHF 98 million (INR 928 crore), including liability transfer of around CHF 60 million (INR 568 Cr).