Waagner-Biro, the Austrian steel engineering company that built the dome of the Louvre museum in Abu Dhabi, has announced its insolvency and is fighting to save parts of its business by selling off subsidiaries. Austrian press reports say that delays in payment and spiralling costs of the Louvre project were chiefly to blame for the companys struggles.

Waagner-Biro announced the insolvency of its subsidiary SBE Alpha AG on 23 October and said in a short release that the remainder of the group i…

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