* Restructuring of German engineering services group Bilfinger is “in an early phase,” its finance chief Klaus Patzak told Boersen-Zeitung in an interview published Saturday.
* Patzak said the share price had reached a floor. “I assume that the share price will gradually rise,” he said.
* Financial investor Cevian, which holds about one third of the company’s shares, supports the restructuring plan, Patzak said.
* “Cevian is realistic. We all want to move things in the right direction as quickly as possible,” he said when asked whether the pace of restructuring was fast enough for Cevian.
* Patzak said that it had already shed 5 of the 13 businesses that it had identified as non…
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