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
Crosby supports Rigging for the Troops program
The Crosby Group will donate a portion of its U.S. sales to the Children of Fallen Patriots Foundation
Webinar to explore trends in Spain’s rental sector
Jointly organised by ASEAMAC and SMOPYC, webinar will explore key rental trends in Spain
Coates CEO Murray Vitlich on ‘the evolution of hire’
Read IRN’s exclusive interview with CEO of Coates, Australia’s largest rental company