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John Mowlem Construction has paid DM1.1 million (£425,000) for TWO Beeskow, an east German contractor which has a DM10 million (£3.8 million) turnover.It is the second east German builder Mowlem has bought from Treuhandanstalt, the German privatisation agency. In November, Mowlem purchased BauTec to form Mowlem BauTec GmbH. TWO Beeskow will be integrated within it.

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