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

  • The drive for US road funding: will corporate America get a seat?
    September 13, 2017
    Trumponomics aims to use public money for pump-priming an even greater amount of cash from the private sector to improve America’s crumbling roads. But is political will matching corporate America’s enthusiasm for more private investment, asks David Arminas If there were ever a test case for comparing public-private partnerships and design-build contracts, the recently completed Ohio River Bridges Project is it (see previous article).
    Read More
  • Interviews round-up
    March 19, 2012
    Investment in infrastructure is a key priority for the US. With a three-part growth strategy, business improving worldwide and improvements in order books, the Terex Group is looking to increase net sales to US$8 billion by 2013. Ron DeFeo, Terex’s chief operating officer, said the company has been seeing increased order and quotation activity across nearly all of its product categories.
    Read More
  • Netherlands highway tendering
    February 28, 2012
    Tenders are now being placed for a ?€1 billion a contract to double the capacity of the A1/A6 highway in the Netherlands
    Read More
  • IJM backs out of deal to buy Malaysian road operator SILK
    November 25, 2014
    IJM, one of Malaysia’s largest construction conglomerates, has bailed out of a deal to buy the highways concession business SILK. SILK Holdings, owner of the subsidiary SILK, Sistem Lingkaran-Lebuhraya Kajang, and IJM agreed to end the US$118 million takeover deal that was announced in June, the Sun newspaper reported. SILK holds the concession for the 37km Kajang Traffic Dispersal Ring Road, also called the Silk Highway, until 2037. The road opened in 2004. IJM noted in June, in its filing of intention
    Read More

Highlighted Content