ACS Actividades de Construccion y Servicios SA (ACS.MC)
16 Mar 2018
MADRID, March 12 Spain's market regulator on Monday cleared Hochtief's takeover bid for toll road company Abertis, starting a one month period in which Hochtief and rival bidder Atlantia can improve their proposals.
LONDON European shares ended on a high Thursday, buoyed by a weaker euro on the back of cautious comments from ECB President Mario Draghi on inflation, while M&A news sparked some sizeable stock moves.
MADRID/MILAN/ROME Spain's ACS and Italy's Atlantia said they are in talks over their competing bids for Spanish toll road company Abertis and a source said they could decide to break up the company rather than press on with a costly takeover battle.
* Atlantia interested in French, Italian and part of Latam assets (Recasts to add source on possible break-up of Abertis' assets)
MILAN/ROME Atlantia is interested in the Italian, French and part of the Latin American assets of Spain's Abertis if it reaches a deal with ACS over a break-up of the Spanish toll-road operator, a source close to the matter said.
MILAN/ROME, March 8 Atlantia is interested in the Italian, French and part of the Latin American assets of Spain's Abertis if it reaches a deal with ACS over a break-up of the Spanish toll-road operator, a source close to the matter said.
Feb 9 ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA:
DUESSELDORF German builder Hochtief's 17.1 billion-euro (£15.2 billion) bid for Spanish toll road operator Abertis is purely based on business considerations, Chief Executive Marcelino Fernandez Verdes said.
FRANKFURT/DUESSELDORF Germany's Hochtief , controlled by Spanish building and infrastructure company ACS , will decide next week whether to make an offer for toll road operator Abertis , people close to the matter said.