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  • Ferrovial buys Texas-based Webber Group for $220 million

    08/11/2005 8:52:41 AM PDT · by Tolerance Sucks Rocks · 9 replies · 674+ views
    International Herald Tribune ^ | August 11, 2005 | M. ELKIN
    Construction firm aims to build foundation for US operations El Pais Spain | M. ELKIN Madrid Ferrovial, Spain's second-largest construction group, bought the Texas-based Webber Group for $220 million (€178 million) on Tuesday, the Spanish company said in a statement to national securities regulators. The purchase of Webber, whose construction and services operations are located in Houston and Dallas, will provide Ferrovial with an established base to provide support for its $37 billion contract with the Texas Department of Transportation to build and operate the Trans-Texas Corridor, running from the Mexican border to Texas' northern border with Oklahoma. The deal,...