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

  • Fayat president is positive for business outlook
    April 23, 2015
    As a major presence in the construction sector, the Fayat Group is well-placed to understand the current market conditions. President Jean-Claude Fayat revealed that the firm does have a strong insight into the state of the international market, as well as some key developments for 2015. With much of its operation based in Europe, the company has been affected by the currency situation.
    Read More
  • CECE Congress focuses on future of construction
    May 8, 2012
    The bi-annual CECE Congress was held in Spain when participants looked forward in a bid to see what will happen in the next ten years. Growth markets such as China, India and Brazil offer big opportunities to European construction equipment manufacturers. As companies, particularly those from China, start to expand outside their own countries the competition for business will increase, and it has been claimed that there is no such thing as 'the global market', rather it is the sum of hundreds, if not thousa
    Read More
  • Pan-European move
    July 19, 2012
    CECE covers all of the EC and is pushing hard for further investment in infrastructure construction as a means to revitalise the economy. “Our industry looks forward to the implementation of the right policies and incentives to nurture sustainable growth and jobs”, said Ralf Wezel, CECE secretary general. CECE and the European contractor’s association FIEC believe that investment in transport is essential for growth and jobs. To strengthen European competitiveness, delivery of this much needed investment mu
    Read More
  • Construction machines on public roads
    September 7, 2023
    Regulations are proposed for construction machines on public roads.
    Read More

Highlighted Content