HCC to buy 66 pct stake in Karl Steiner

Hindustan Construction Company Ltd said on Monday its board has approved acquisition of a controlling stake in Karl Steiner AG, the second largest operator in the Swiss Real Estate market.

By ET Bureau | Mar 15, 2010, 10.44 AM IST

MUMBAI: Hindustan Construction Company Ltd said on Monday its board has approved acquisition of a controlling stake in Karl Steiner AG, the second largest operator in the Swiss Real Estate market.

The company will acquire 66 percent stake by issuing new shares for a 35 million Swiss Francs, it said in a statement.

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