Cevian Becomes Largest Investor In German Builder

Law360, New York (October 31, 2011, 5:12 PM EDT) -- European private equity firm Cevian Capital AB has acquired a 12.6 percent share of a German engineering services firm to become its largest shareholder, Cevian announced Monday.

Cevian financed the purchase of Bilfinger Berger SE shares solely with equity, the company said. Financial details of the transaction were not disclosed.

The Swedish private equity firm, an activist investor that acquires significant ownership in a few European public companies at a time, said it believes Bilfinger's current share price undervalues its growth potential. Shares of Berger closed...
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