February 1, 2018 / 11:01 AM / 3 months ago

UPDATE 1-Hochtief set to win unconditional EU approval for Abertis bid - source

(Adds Hochtief declines comment, detail)

By Foo Yun Chee

BRUSSELS, Feb 1 (Reuters) - German builder Hochtief is set to win unconditional EU antitrust approval for its bid to buy Spanish airports and motorway operator Abertis , a person familiar with the matter said.

Hochtief, majority-owned by Spanish builder ACS, is battling Italian airports and motorway operator Atlantia for Abertis.

Its bid values Abertis at around 17.1 billion euros ($21.3 billion), above Atlantia’s cash-and-share offer worth about 15.6 billion euros, although the latter has indicated that it may sweeten its bid.

The European Commission, which is scheduled to decide on Hochtief’s bid by Feb. 6, and Hochtief both declined to comment.

The EU competition enforcer had in October last year given the green light to Atlantia’s offer without demanding concessions.

The Spanish government, which sees Abertis’ satellite business Hispasat as a strategic asset, has already approved both bids. Abertis shareholders will have the final say on who will buy the company. ($1 = 0.8037 euros) (Reporting by Foo Yun Chee; editing by Philip Blenkinsop and Adrian Croft)

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