Monday, 5 December 2011 at 13:19, Reuters, Frankfurt
Abu Dhabi based Commodore has worked Abu Dhabi's Sama Tower, according to its website. (VARUNA/ALRROYA)
Abu Dhabi construction company Commodore Contracting is taking a 25 per cent stake in Ferrostaal's new owner, MPC Industries, a German daily reported on Monday, citing MPC.
Handelsblatt also said MPC chief executive Axel Schroeder told a meeting with employees last week about Commodore's shareholding in the Hamburg-based trading house.
No financial detail was provided.
MPC acquired Ferrostaal, a provider of industrial services in plant construction, from MAN SE last month after the German truckmaker ended a dispute with Abu Dhabi's International Petroleum Investment Company.
Under the deal, Ipic had sold back its 70 per cent to MAN, which then sold the unit in its entirety to MPC.
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