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

  • Contractor Strabag unveils optimism with new results
    August 30, 2013
    A note of cautious optimism can be seen at the Austrian contractor Strabag, with the release of its half year results. The company saw turnover of € 5.6 billion for the first half of 2013, a drop of 7 % from the same period for the previous year but with some of this fall coming from weather-related issues that delayed the start of construction acitivity. However the company says that the impact of the weather on its performance should be made up by the year end. Strabag is a major contractor and is Central
    Read More
  • Chinese construction machine manufacturers bullish as market recovers
    April 23, 2018
    Chinese manufacturers are increasing sales of construction machines both in their home market and also for export. This is the claim from Wang Guiqing, vice president of China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME). Wang said that demand for machines in China has increased as market conditions have improved, while the impact of the Belt and Road strategy for developing infrastructure is a massive benefit for export sales. As many projects are now commencing
    Read More
  • Driver distraction poses safety challenge
    June 5, 2015
    The modern automobile offers massive gains in safety over earlier generation vehicles. Occupant protection levels have been improved due to crash testing regimes that have ensured vehicles will not collapse catastrophically in the event of an impact. Braking systems are more effective and reliable, with ABS preventing skidding in wet weather conditions. The prospect of autonomous vehicles in the near future offer further safety gains to come. But right now, there is a problem. Too much technology is bein
    Read More
  • Steelwrist showcases Powertilt as it enters US market
    March 7, 2017
    Swedish attachment specialist Steelwrist has launched a branch in the US in a bid to supply the North American market with its rotating excavator attachments. The move came after Steelwrist noted an increase in enquiries and interest from the US. “In the last two years we started to get a lot of requests for quotations and we saw that a lot of people surfing our website were from the US,” says CEO Stefan Stockhaus.
    Read More

Highlighted Content