Announced
Financials
Sources
Tags
Private
Germany
Construction Services
Friendly
Single Bidder
Minority
construction
Pending
Acquisition
Cross Border
Synopsis
ACS Group, a civil and engineering construction company, agreed to acquire a 14.46% stake in Hochtief, a German construction company, from Atlantia, an Italian holding company active in the infrastructure sector, for $577m. The sale of the stake forms part of Atlantia’s strategy of rationalizing the investment portfolio and selling off non-core investments.
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