"Eiffage cracks offshore entry"

Publication: reNews                                                                                                                                                                             Date: 11 April 2013


SUMMARY: French construction giant Eiffage is powering into the offshore wind sector via the purchase of a controlling stake in Belgian turbine foundations fabricator Smulders-Iemants.

NOTE: Major player Eiffage was buying shares in troubled Belgian-Dutch offshore wind steel fabricator Smulders-Iemants and I was the first to report it in April. The deal was confirmed in an Eiffage press release on 3 July 2013, in which the acquisition was described as the company’s “most important since 2008.”

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