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Strukton Rail increases stake in CLF

03 Apr 2013

ITALY: Strukton Rail announced its intention to increase its stake in Italian railway construction, maintenance and renewals contractor CLF from 40% to 60% on March 30.

Unieco holds the remaining 40% stake in CLF, which has 500 employees and reported turnover of €121m in 2012.

Strukton Rail has been a shareholder of CLF since 1998. The company said that increasing its stake would be an important step in 'realising its ambition to strengthen and expand its position as a full-service provider of rail systems in six European countries'.