Hochtief

Companies, European economy, Ibex, In Europe 24th June 2022

Italy gives green light to Benetton’s bid for Atlantia: one of the initial accords could be the transfer of its 15% stake in Hochtief

Intermoney | The Italian government has decided not to oppose the bid launched for Atlantia by the Benettons and Blackstone, according to the daily Cinco Dias. In theory, the Italian executive could have invoked the special powers it still has over Atlantia and other strategic sectors. However it has declined to do so. The price of the bid is 23 euros in cash, which values the concessionary at some 19…

ACS signs €10 billion contract for the purchase of Abertis with Atlantia

Ibex 23rd October 2017

Atlantia, Hochtief: Price War Ahead?

Hochtief has launched a €18.76 cash or share offer on Abertis, raising speculation around a potential price war between Atlantia and Hochtief.

Ibex, Markets 19th October 2017

ACS Counter-Bid For Abertis Beats All Expectations: Exceeds Atlantia’s At €18,76/Shr

ACS has launched a competing bid for Abertis, via Hochtief, at €18,76 per share. It fits in with our forecast scenario that ACS would offer a higher price than Atlantia (€16,50/share, combining cash and shares which cannot be sold before February 15 2019) in its counter-bid for the Spanish concessionaire.

Companies 28th August 2015

ACS wins most construction contracts worldwide in 2014

ACF | In 2014, ACS was the building company which won the most contracts worldwide.

Companies 14th August 2013

ACS’ German subsidiary Hochtief returns to profit

ESSEN | Consolidated net profit amounted to EUR 126.2 million in the first half of 2013. In the prior-year period, substantial impacts on earnings had resulted in a consolidated net loss of EUR 50.6 million.

Companies 15th March 2013

Spain’s ACS awarded €340-million worth projects in Dubai and Australia

MADRID | ACS’ subsidiary Hochtief recently won several contracts: road maintenance in Auckland, redevelopment of air force base in Pearce and the Olgana und Hilliana hotel towers project in Jumeirah.

Companies 8th May 2012

Spain’s construction company ACS records €207 million profit in 1Q 2012

MADRID | Grupo ACS said Tuesday that the company recorded a net profit in the first quarter of 2012 of €207 million. The Spanish firm published its consolidated results today, showing that net sales of ACS in the first quarter of 2012 totaled €9,035 million, 144.8% more than last year. Growth in comparable terms, also considering the sales of Hochtief in the first quarter of 2011, accounted for a 4.9%. ACS…

Companies 29th March 2012

ACS sends heavyweight to cut Hochtief’s Australian hemorrhage

MADRID | Marcelino Fernández Verdes was appointed Thursday chief operating officer of Hochtief, the German division of the Spanish group ACS. Fernández will sit at the executive committee of Hochtief (Vorstand) with CEO Frank Stieler and CFO Peter Sassenfeld. He will address risk management operations of the entire group Hochtief, but will also face the responsibility of breaking the spiralling downward trend its Australian branch Leighton has fallen into. The move…

World economy 10th November 2011