Meanwhile the parent companies ....Reuters MADRID/FRANKFURT -...

Meanwhile the parent companies ....

Reuters

MADRID/FRANKFURT - Spain's ACS has secured the crucial 30 percent holding in Germany's Hochtief it needs to build a controlling interest in the rival construction group following a hotly contested takeover bid.

ACS wants control of Hochtief's strong balance sheet to ease its own debt burden of more than 9 billion euros ($12 billion) and help it diversify away from Spain's struggling construction and property sectors.


http://www.businessspectator.com.au/bs.nsf/Article/RPT-UPDATE-1-Spains-ACS-secures-key-Hochtief-holdi-CSCAR?OpenDocument&src=hp7&src=amm