Hochtief

Atlantia Abertis

Italy gives green light to Benetton’s bid for Atlantia: one of the initial accords could be the transfer of its 15% stake in Hochtief

Intermoney | The Italian government has decided not to oppose the bid launched for Atlantia by the Benettons and Blackstone, according to the daily Cinco Dias. In theory, the Italian executive could have invoked the special powers it still has over Atlantia and other strategic sectors. However it has declined to do so. The price of the bid is 23 euros in cash, which values the concessionary at some 19…


ACS signs €10 billion contract for the purchase of Abertis with Atlantia

Atlantia, Hochtief: Price War Ahead?

Hochtief has launched a €18.76 cash or share offer on Abertis, raising speculation around a potential price war between Atlantia and Hochtief.






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Spain’s construction company ACS records €207 million profit in 1Q 2012

MADRID | Grupo ACS said Tuesday that the company recorded a net profit in the first quarter of 2012 of €207 million. The Spanish firm published its consolidated results today, showing that net sales of ACS in the first quarter of 2012 totaled €9,035 million, 144.8% more than last year. Growth in comparable terms, also considering the sales of Hochtief in the first quarter of 2011, accounted for a 4.9%. ACS…


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ACS sends heavyweight to cut Hochtief’s Australian hemorrhage

MADRID | Marcelino Fernández Verdes was appointed Thursday chief operating officer of Hochtief, the German division of the Spanish group ACS. Fernández will sit at the executive committee of Hochtief (Vorstand) with CEO Frank Stieler and CFO Peter Sassenfeld. He will address risk management operations of the entire group Hochtief, but will also face the responsibility of breaking the spiralling downward trend its Australian branch Leighton has fallen into. The move…