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

  • Intermat innovation for machine control systems
    June 23, 2015
    Improving technologies for machine control systems continue to deliver increases in efficiency for contractors - Mike Woof writes Machine control technologies have continued to develop as the specialist suppliers in this fiercely fought sector seek to find a competitive advantage over their rivals. The key players, Leica Geosystems, MOBA, Topcon and Trimble, have all been pushing the boundaries with their latest technologies. Although the systems these firms are introducing are aimed at a number of differen
    Read More
  • Colombia’s infrastructure development
    December 5, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c
    Read More
  • European digitalisation of construction industry offers roadmap for future
    June 11, 2018
    Europe’s leading construction industry associations are joining forces to publicise the release of a new manifesto on digitalisation. This construction industry manifesto focuses on the use of smarter construction technologies in a bid to deliver a stronger economy, an inclusive society and more efficient practises. The manifesto calls for strong political leadership from the EU, an appropriate regulatory framework on data policy and budgetary focus on digital skills, research and development and IT infrast
    Read More
  • Data shows young people face highest road fatality risk
    May 18, 2012
    The latest official data from the European Transport SafetyCommission (ETSC) shows that young people are amongst those facing the highest fatality risks while on the road in Europe. Some 140,000 young people aged 15-30 have lost their lives on Europe’s roads since 2001. Of these, 9,150 died in 2010. While this age group represents 20% of the population of the EU, the same group accounts for 30% of the total number of road deaths.
    Read More

Highlighted Content