BOUYGUES SA Boulogne, January 11, 2016
Colas has acquired the stakes previously held by Anglo American directly or indirectly in the capital of six jointly owned or operated companies which have historically operated under the Tarmac name in the United Arab Emirates, Oman and Qatar.
Specialized in the production of construction materials (aggregates, asphalt mix) and in road construction, these jointly owned or operated companies are held with a number of major, high profile partners (Al Futtaim, Al Zawawi and Midmac) in each of the respective jurisdictions.
Combined, the companies, backed by 900 employees, produce 7.5 million tons of aggregates and 1.6 million tons of asphalt mix per year via three quarries and ten asphalt plants. Global revenue totals roughly 150 million euros, of which Colas' share amounts to 80 million euros.
These acquisitions are a clear illustration of Colas' development strategy in the Middle East.
Colas, a subsidiary of the Bouygues Group, is a world leader in the construction and maintenance of transport infrastructure, aiming to meet the challenges of mobility, urban development and environmental protection. With 60,000 employees in more than 50 countries on five continents, the Group performs some 100,000 projects each year via 800 construction business units and 2,000 material production units. In 2014, consolidated revenue at Colas totaled 12.4 billion euros (47% outside of France). Net profit attributable to the Group amounted to 604 million euros.
Delphine Lombard (tel.: 01 47 61 76 17) - delphine.lombard@colas.com
Rémi Colin (tel.: 01 47 61 73 94) - remi.colin@colas.com
Bouygues SA issued this content on 2016-01-11 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-11 17:43:28 UTC
Original Document: http://www.bouygues.com/wp-content/uploads/2016/01/press-release-colas-middle-east-acquisitions-01-11-2016.pdf
