Spanish builder spends EUR 1.26bn on Hochtief stake

By A staff reporter 2007-03-21T00:00:00

Actividades de Construccion & Servicios (ACS) is investing EUR 1.26 bn to acquire a 25% interest in construction company Hochtief from the company's largest investor August von Finck. Spain's biggest construction company offered EUR 72 per share for its German rival in a move to reduce its reliance on the ...

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