Tiltra Group Acquired 71% Stake in Road Construction Company Poldim
OREANDA-NEWS. January 05, 2010. Tiltra Group AB subsidiary in Poland Silentio Investments on the 17th of December 2009 completed acquisition of 71.1 per cent stake in Poland road and bridge construction company Poldim S.A. Value of the deal is not disclosed.
The Poldim group consists of 6 road and bridge construction companies. In 2008-2009 financial year, which ended on the 31th of March 2009, consolidated turnover of Poldim group amounted to 600 million PLN (at current exchange rate - 492.3 million LTL or 142.6 million EUR). Poldim group employs more than 700 people.
AB Invalda controls 44.8 per cent of Tiltra Group shares.
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