PropertyEU

Spain's ACS launches takeover bid for Hochtief

By A staff reporter 2010-09-21T00:00:00

Spanish construction group Actividades de Construccion y Servicios (ACS) has launched an all-share bid for the 70% of Hochtief it does not already own, but said it is targeting a controlling stake of just over 50%. The Spanish group is offering eight ACS shares for every five of the German ...

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