With the decision of the Vienna Higher Regional Court as the cartel court of October 21, 2021, the pending cartel proceedings against STRABAG AG and F. Lang u. K. Menhofer Baugesellschaft mbH & Co. KG have been finally decided.

The BWB is now applying for a review of this decision.

The Management Board considers the application to be unfounded because STRABAG cooperated extensively and intensively with the BWB as part of the leniency program. Through its cooperation, it made a significant contribution to the clarification and was therefore the first company to end the antitrust proceedings with legal effect. In addition, STRABAG has sharpened its compliance system and implemented a new type of monitoring system.

STRABAG SEis a European technology group for construction services, a leader in innovation and capital strength. Our offer includes all areas of the construction industry and covers the entire construction value chain. In doing so, we create added value for our clients in that our specialized business units integrate a wide variety of services and take responsibility for them: We bring people, building materials and equipment to the right place at the right time and thus also implement complex building projects - on time and with the right quality and at the best price . Thanks to the commitment of our around 74,000 employees, we generate an annual output of around EUR16 billion. A dense network of numerous subsidiaries in many European countries and also on other continents expands our field of activity far beyond the borders of Austria and Germany.

Contact:

Tel: +43 1 22422-1174

Fax: +43 1 22422-1177

Email: marianne.jakl@strabag.com

(C) 2022 Electronic News Publishing, source ENP Newswire