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Hill
International
HIL, the global leader in managing construction risk,
announced today that it has acquired an additional ownership stake of 23.8% in
its Madrid-based subsidiary Gerens Hill International S.A. for a purchase
price of approximately €7.1 million ($9.2 million). As a result, Hill's
ownership stake in Gerens Hill has increased from 69.4% to 93.2%.
Gerens Hill provides project management services throughout Spain and Mexico
and also owns a 60% interest in Brazilian subsidiary Engineering S.A. In 2012,
Gerens Hill generated more than 17% of Hill's worldwide consulting fee
revenue.
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