ACS-Hochtief
25 March 2008
Spanish construction Group ACS has acquired a 25,08% stake in Hochtief, Germany's largest contractor. ACS paid € 1,26 billion for the interest in Hochtief, acquiring it at € 72 per share from institutional investor Custodia Holdings. The transaction is subject to the approval of Germany's competition authorities. ACS says it does not have plans for a full acquisition of Hochtief and wants the company to remain independent.
Latest News
New episode of Construction Briefing podcast focuses on Ukraine
At the ARA show in New Orleans last month, Sany debuted a new 55-ton capacity rough terrain crane.
In response to a surge in U.S. construction, Peri USA has develoed a new formwork solution that caters to various size ranges for wall, column, and slab formwork
