Zech Group Expands in Brazil

The Zech Group has acquired the majority holding in HOCHTIEF do Brasil in São Paulo, the Brazilian subsidiary of HOCHTIEF Aktiengesellschaft, Essen. With this, the medium-sized group headquartered in Bremen has paved the way for further increased international growth.

HOCHTIEF do Brasil, which has 1,500 employees, has already undertaken projects for national and international clients in the sectors of infrastructure, industry, commercial buildings and residential property. The company also offers services in the field of facility management. HOCHTIEF will retain a minority holding in HOCHTIEF do Brasil, since Brazil remains an interesting market for the HOCHTIEF Group which secures, by its retained shareholding, access to local resources.

For the Zech Group, acquisition of the majority holding in HOCHTIEF do Brasil was the next logical step to further expansion on the attractive Brazilian market. Brazil is one of the world's most aspiring industrial nations and has enormous development potential. The Zech Group is active in the business fields of construction (Zech Bau Holding GmbH), real-estate project development (Deutsche Immobilien Holding AG), environment/technology (Zech Umwelt Holding GmbH), industry (Nordwest Industrie Capital GmbH) and hotels (Zech Hotel Holding GmbH). Since the beginning of 2009 it can look back on 100 years of company history. In Brazil the Zech Group has already been involved in the environment sector for several years, via subsidiaries. For a year now it has held a 50 percent shareholding in the construction company Construtora Tedesco Ltda. in Porto Alegre in southern Brazil. In the medium term the Group also plans to engage itself in the real-estate and hotel sectors.

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