Modified Hochtief Offer for Abertis Approved by Spanish Regulator
12 Avril 2018 - 6:46PM
Dow Jones News
By Alberto Delclaux
Spain's market regulator, the CNMV, has approved the
modification of the voluntary takeover bid for Abertis
Infraestructuras S.A. (ABE.MC) made by Hochtief AG (HOT.XE) and
extended its acceptance period until May 8, according to a
regulatory filing on Thursday.
The modified Hochtief offer is a result of the agreement between
its parent, Actividades de Construccion y Servicios SA (ACS.MC),
and Italy's Atlantia SpA (ATL.MI) to team up in order to take over
the Spanish highway operator.
In a separate statement, Abertis said that Atlantia had
withdrawn its previous bid.
Read more about the Abertis takeover:
https://on.wsj.com/2EmQbEo
Write to at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
April 12, 2018 12:31 ET (16:31 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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