Construction Giant Launches $3.5B Bid For Hochtief
ACS — which already holds a 30 percent stake in Hochtief — said it intended to increase its shareholding to “just above 50 percent over time,” not necessarily via the public offer, eventually allowing for “full financial consolidation.”
The Madrid-based company added that “a domination agreement is not intended,” saying Hochtief would remain a Frankfurt-listed company.
Florentino Perez, chairman...
To view the full article, register now.