Advertisement
UK markets open in 14 minutes
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,221.93
    +20.66 (+0.12%)
     
  • CRUDE OIL

    82.85
    +0.04 (+0.05%)
     
  • GOLD FUTURES

    2,332.30
    -6.10 (-0.26%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,393.61
    -2,036.79 (-3.81%)
     
  • CMC Crypto 200

    1,391.05
    +8.47 (+0.61%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

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

BRUSSELS (Reuters) - EU antitrust regulators are set to approve without conditions German builder Hochtief's (HOTG.DE) bid to purchase Spanish airports and motorway operator Abertis (ABE.MC), a person familiar with the matter said.

Hochtief, majority-owned by Spanish builder ACS (ACS.MC), is battling Italian airports and motorway operator Atlantia for Abertis. Its bid values Abertis at around 17.1 billion euros (£15 billion), above Atlantia's cash-and-share offer worth about 15.6 billion euros.

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

(Reporting by Foo Yun Chee; editing by Philip Blenkinsop)