Belgium's BESIX to acquire further 36 per cent of Watpac for $61m
The builder of the world's tallest tower, Belgium construction giant BESIX, is set to turbo charge the growth of struggling ASX-listed construction group Watpac after reaching agreement to lift its ownership in the company to almost two-thirds.
BESIX CEO Rick Vandenberghe told The Australian Financial Review its proposed 64 per cent stake in Watpac – up from 28 per cent currently – would help the East Coast company diversify into new construction markets and take on more complex projects.
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