Spanish road firm deal

The European Commission has given the go-ahead for an acquisition of Spanish highway firm Abertis by German construction company Hochtief. Hochtief is itself a subsidiary of Spanish construction firm ACS but the EC ruling says that there are no competition issues in the markets affected by the deal. Spain’s highway concession market is covered by a regulatory system to minimise the risk of any one company reaching a position that is too dominant. With the EC ruling having been given on the deal, Spain’s
February 8, 2018 Read time: 1 min

The European Commission has given the go-ahead for an acquisition of Spanish highway firm Abertis by German construction company Hochtief. Hochtief is itself a subsidiary of Spanish construction firm ACS but the EC ruling says that there are no competition issues in the markets affected by the deal. Spain’s highway concession market is covered by a regulatory system to minimise the risk of any one company reaching a position that is too dominant. With the EC ruling having been given on the deal, Spain’s stock market regulator, CNMV, is now giving its go ahead for the deal.

Finance & Funding

Related Content

  • Delays to highway, tunnel and bridge building
    May 14, 2012
    The Slovakian government is being asked for financial compensation by Granvia, the group building the country’s new Nitra-Banska Bystrica highway. Granvia is building the highway under the PPP model through a 30-year concession deal. The compensation has been requested due to delays that have been caused by the need for archaeological investigations along the route.
    Read More
  • IPAF supports FEM position on use of cranes
    January 9, 2014
    IPAF supports the position paper issued by the Fédération Européenne de la Manutention (FEM) Product Group for Cranes and Lifting Equipment, which makes clear that tower cranes are designed and manufactured to lift loads, not people. The paper also highlights that cranes should not be used for entertainment purposes. Such rides will not be permitted at CONEXPO-CON/AGG.
    Read More
  • Distracted driving report from European nations
    April 16, 2018
    There are now calls from right across Europe to increase education, enforcement and penalties for distracted driving. Mike Woof reports Surveys across Europe have revealed worrying attitudes to the use of mobile devices while driving, according to a report by the European Transport and Safety Commission (ETSC). Campaigners are calling for better enforcement, higher penalties, technological solutions and education to raise awareness of the risks. A survey in the Czech Republic found that 36% of drivers a
    Read More
  • Alternative power sources are a key focus says Wirtgen chief sales officer Domenic Ruccolo
    November 15, 2022
    Domenic Ruccolo, CSO Wirtgen Group and Senior Vice President, Sales, Marketing, and Product Support, Global Construction Equipment, John Deere, spoke with Mike Woof
    Read More

Highlighted Content