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

  • Toll-tale market strength for leading tolling manufacturers
    May 22, 2014
    New major highway tolling solution supply contracts and the launch of cutting-edge tolling products have invigorated the global tolling technology market in the first half of 2014, as Guy Woodford reports Kapsch TrafficCom has been selected by North Tarrant Express (NTE) Mobility Partners LLC to provide the toll collection, intelligent transport and network communication systems for the NTE extension project in the US state of Texas. The NTE extension is approximately 16km long, and runs along I-35W north o
    Read More
  • Champlain Bridge set to open by end of year, says SNC-Lavalin
    May 14, 2018
    The Canadian city’s replacement Champlain Bridge will open on schedule at the end of the year. Montreal, one of Canada’s largest cities, will have a well-earned Christmas present in December when the new Champlain Bridge opens after 42 months of construction. The new bridge, part of a six-lane 6km corridor including roads, is being built alongside the original bridge over the Saint Lawrence River and Seaway canal system. The new bridge, 3.4km long, runs from the île des Soeurs to Brossard, immediately dow
    Read More
  • Wirtgen showcases Benninghoven’s asphalt giant
    April 11, 2016
    The bauma 2016 exhibition marks a major change for the Wirtgen Group with the firm having its biggest ever stand at the show and the second largest at the event itself. A key factor in this is the addition of the Benninghoven asphalt plant business, although the firm has a huge array of equipment in all with no less than 30 new models being launched. Benninghoven dominates the booth - its large asphalt plant is the highest structure ever seen at the show.
    Read More
  • Road pricing revenue a source of investment funds
    February 16, 2012
    When channelled back into the road sector, revenue from road charging is seen by many as a source of additional investment and research funds as Patrick Smith reports. Late in 2010, three major European organisations put out a policy statement calling for fair charging for greener, smarter and safer road infrastructure. ASECAP (the European toll road operators organisation); ERF (European Road Federation) and the IRU (International Road Transport Union), said that in recent years the concept of road chargin
    Read More

Highlighted Content