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

  • Surface quality a key trend in asphalt paving
    March 7, 2012
    Improved surface quality and improved machine design are key trends in the asphalt paving sector, Mike Woof reports There is a big difference in asphalt paving techniques in North America and Europe. In North America, the need to construct long stretches of highway quickly resulted in wide pavers offering high throughput capacity, with compaction equipment then being used to achieve the required density of the various courses. In Europe's highway construction projects, distances tend to be shorter and contr
    Read More
  • Strong performance sees Wirtgen Group bullish
    September 30, 2014
    The Wirtgen Group reports that strong financial performance is expected for 2014. Full results are not yet available for 2014 but the privately held, family owned firm is confident for good results. Joint president Jürgen Wirtgen said, “Sales for 2014 will reach €1.95 billion.” He explained that for the first half of 2013, turnover reached €285 million, whereas for the first six months of 2014, turnover reached €329 million, a jump of 15%. The second half of the year is also looking healthy with the firm on
    Read More
  • New barriers are helping improve road safety
    June 30, 2014
    A series of new guardrail technologies and barrier developments are now coming to market - Mike Woof writes. An array of technical developments is helping improve highway safety for road users. New barrier and guardrail technologies can offer greater conspicuity so as to alert drivers, along with better restraint capabilities. Gregory Industries offers a wide range of steel and cable barrier types and has now developed an attachment system for international use. This fixes the guardrail to the post and in t
    Read More
  • Topcon acquires InlandGEO
    May 30, 2012
    Topcon Europe Positioning says that Topcon Positioning Systems (TPS, Livermore, California, USA) has acquired InlandGEO, one of Topcon’s top performing distributors. InlandGEO is headquartered in Madrid, Spain, and has four additional offices in Spain, two in Portugal and one in the Canary Islands. In addition to continuing to distribute Topcon and Sokkia positioning products to the construction and survey markets in Spain and Portugal, InlandGEO will become the headquarters for distribution and support fo
    Read More

Highlighted Content