Austrian builder Strabag on Monday launched its IPO of shares worth up to $ 1.9 bn to fund and consolidate its growth. Strabag is offering up to 28.2 million shares for between EUR 42 and EUR 48. The cash raised will go to making 'bolt-on acquisitions in CEE-markets to expand market leadership, acquisitions in road construction in Western European markets and acquisitions in specialised growth segments such as environmental technologie sand rail track construction,' Strabag said.
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