Vic: Grollo Construction Empire to split

AAP General News (Australia)
01-11-2000
Vic: Grollo Construction Empire to split

The GROLLO family's construction empire is set to split, as the third generation heirs
position themselves for the future.

Under a deal which is yet to be signed off, the successful partnership of BRUNO and
RINO GROLLO will end, and $2.5 billion worth of assets will be divided up.

A source close to the main development company, Grocon, has confirmed details reported
in The Australian Financial Review, saying the split is extremely amicable.

BRUNO and his sons, DANIEL and ADAM, will receive $1.93 billion worth of assets, …