Finance
Porr acquires parts of Fresenius' VAMED as Strabag pulls out
Published by Global Banking & Finance Review®
Posted on October 10, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 10, 2025
1 min readLast updated: January 21, 2026
Porr acquires VAMED's Austrian assets as Strabag exits the deal, simplifying Fresenius's divestment strategy and accelerating the process.
(Reuters) -Construction company Porr will acquire the Austrian project development business of VAMED and the Austrian thermal spa holdings from Fresenius as Austria's Strabag withdrew from the deal, the companies said on Friday.
Porr said the purchase price was one euro ($1.16). "Additionally the VAMED Group will capitalise the respective companies accordingly in order to settle liabilities," it added.
Strabag said it was terminating its part of the joint purchase agreement for parts of VAMED as the deal could not be implemented as planned.
Strabag said it would continue separate negotiations to acquire the remaining parts of Vamed's Austrian operations, including the AKH, which manages Vienna General Hospital's facilities and construction projects, from Fresenius subsidiary VIACAMA.
Fresenius said that splitting the sale into two independent steps simplified and accelerated the divestment.
The deal was originally concluded by a joint holding company between Strabag and Porr.
($1 = 0.8642 euros)
(Reporting by Bernadette HoggEditing by Ludwig Burger and Thomas Seythal)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
Divestment refers to the process of selling off a subsidiary, business unit, or asset to improve financial performance or focus on core operations.
Liabilities are financial obligations or debts that a company owes to outside parties, which can include loans, accounts payable, and mortgages.
Capitalisation refers to the total amount of capital that a company has raised through equity and debt, used to fund its operations and growth.
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