Hochtief calls for union head to step down after ACS commitments

30 December 2010

The tense takeover struggle between Spanish contractor ACS and German construction group Hochtief has escalated after Klaus Wiesehuegel, head of the German trade union IG Bau, agreed to cooperate with ACS on key issues once it achieves majority control of its reluctant target.

Mr Wiesehuegel's decision to sign a set…

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