Tuesday, November 9, 2010

News Update

- Deripaska's "Basic Element" Buying back shares of austrian Strabag.
- Calatrava archs poured at New York's ground zero rebuilding site.
- MAXXI / National Museum of XXI Century Arts in Rome by Zaha Hadid

Basic Element / Strabag
Oleg Deripaska's Firm Basic Element is buying back 17 per cent of the shares it had sold to investors last year during the crisis to finance other projects. In return, Strabag has agreed to buy a 17 per cent stake in Deripaska's road construction firm "Transtoi". Basic Element has the option to buy another 8 per cent of Strabag until july 2014.
Haselsteiner, Strabag's CEO holds via his family holding 29,5 per cent of the company, another third of the shares are held by Raiffeisen Group and Uniqa. 23 per cent of the shares are free float.
With the deal, Strabag hopes to become stronger in the russian construction market, which is recovering after the crisis. Especially the road construction deal seems to be a strategic investment for Strabag. Strabag is planning to be heavily involved in the construction of infrastructure, hotels and residential building in the olympic winter games resort of Sotchi.

Ground Zero / Calatrava archs
During October 2010, the 54 archs that support the structure above the WTC transportation hub have been poured. See the images of the archs that have been designed by Santiago Calatrava here:
Port Authority of New York and New Jersey image Gallery
Image credit: Joe Woolhead
Courtesy of: Silverstein Properties

MAXXI / National Museum of XXI Century Arts in Rome by Zaha Hadid

Image Courtesy of Iwan Baan

Image Courtesy of Iwan Baan

Image Courtesy of MAXXI/Roberto Galasso

The Website of the maxxi museum has a nice coverage with images of the formwork used to build Zaha Hadids beautiful structure for the museum.Details here: http://www.maxxi.beniculturali.it/english/cantiere.htm

A Gallery of the formwork progress can be found here: http://www.maxxi.beniculturali.it/english/galleria.htm

To see how fair faced concrete formwork is repaired, see our website with videos and descriptions.

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