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

  • Chinese construction equipment manufacturers increasing export focus
    December 2, 2013
    Chinese firms are growing their expertise in terms of products and international sales – Mike Woof reports China’s major off-highway construction equipment manufacturers have grown in a relatively short period and now number amongst the largest players in the sector. Some of the key firms are looking to boost exports and are providing tough competition, particularly in the emergent markets. Best known for its wheeled loaders, LiuGong has been developing its excavator range, with production of the E
    Read More
  • International firms compete in US bridge project tenders
    May 2, 2012
    The Spanish construction firm ACS is tendering for the construction and operation of four bridges in the US. The firm is tendering in partnership with some other US and international firms for some of the projects, which are worth a total of US$11.4 billion. The Tappan Zee project is expected to cost $5 billion and the deal will be for a design and construction contract. The bridge will be located in New York, is being developed by New York State Thruway Authority and will require two, four-carriageway brid
    Read More
  • European road deaths reduced but more to be done
    February 15, 2012
    While the EU target of reducing deaths by 50% has resulted in impressive figures, there is still more to be done as Patrick Smith reports. The latest statistics show European Union (EU) efforts to reduce road deaths by 50% have met with considerable success. As EU members look to the new European Action Programme for the period 2010 to 2020
    Read More
  • Electronic tolling move across Europe
    June 13, 2013
    The European Parliament has adopted a resolution for a strategy in electronic tolling and a vignette system on light private vehicles in Europe. The European Association for tolled motorways, bridges and tunnels (ASECAP) has responded to this resolution, welcoming the European Parliament’s recognition of the user pays and polluter pays principles as key priorities for European transport. However, ASECAP has provided a note of caution in that the resolution fails to address problems that may hinder the deplo
    Read More

Highlighted Content