Bilfinger concessions for sale

German construction and industrial services group Bilfinger said yesterday it had started the sale of its concessions business, which it does not see as strategic to the rest of its operations. Bilfinger said the unit, which carries out transport and social infrastructure projects for public sector clients especially in Europe, Australia and North America, comprises 16 projects to which a sum of €254m had been committed. “Business opportunities with other units of the company, construction areas in particular, have decreased significantly,” Bilfinger said in a short statement yesterday. It will now begin talks with buyers, it added.