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08Oct92 GERMANY: JOHN MOWLEM BIDS FOR PART OF CONSTRUCTION GIANT GDR ELBO.

John Mowlem is bidding to buy a large part of the former GDR Elbo construction group in an attempt to anchor more business to the German mark.It is thought to be the last firm left in the bidding after rivals Wimpey and Costain pulled out.Mowlem wants to buy four of the six companies making up the group, which was reported to have a £390 million turnover last year.Four other firms including the Bremen-based Hegemann Group are in the race.The four Mecklenburg companies involved ...

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