 The US unit of German construction services company Hochtief AG, Turner Construction Co. is in talks with Sahara Prime City Ltd for a joint venture (JV).
Turner, which entered the US market in 2006, may initially hold a 10% stake in the joint venture and provide services to Sahara's planned construction township projects, said one of the people. Sahara's projects are currently valued at Rs. 500 crore. The company may make a formal announcement regarding the joint venture in the second week of February, said the second person cited above.
|
