STOCKS NEWS EUROPE-Bilfinger seen up on restructuring

Shares in German construction group Bilfinger Berger (GBFG.DE) are indicated 2.9 percent higher on pre-market trade after the company late Monday says it would drastically shrink its construction business, as a way to focus on more profitable activities.

A Frankfurt-based trader says that the news should have a positive impact on the company's share price.

The company on Tuesday also kept its 2009 EBIT outlook of 210-230 million euros ($314.5-344.4 million). For more double click on [ID:nL9526928], [ID:nWEA9901].

Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net ($1=.6678 Euro)