A.C.B. Group has acquired a 35% stake in 8 CBR, a road and bridge construction company, from SIA Tilts. Financial details have not been disclosed.
8 CBR is one of the oldest and biggest road and bridge building companies in Latvia.
The A.C.B. Group is comprised of six companies operating in the road and bridge construction, reconstruction and production of building raw materials industries.
SIA Tilts is a civil engineering company that is highly specialized in design, construction and reconstruction of bridges, overpasses, tunnels and other engineering structures on roads and railways.
Oaklins' team in Latvia advised the seller in this transaction.
© Oaklins. All rights reserved. Oaklins refers to Oaklins International Inc. and/or one of its member firms, each of which is a separate legal entity. Please see www.oaklins.com/legal for further details.