The construction company and engineering and infrastructure development firm Hochtief has been behind a strong rebound in the final stretch of trading this Friday on the Frankfurt Stock Exchange, with an advance close to 6%, after it became known that ACS would be considering launching a takeover bid (OPA) for the share capital of the company that it still does not control.
In this context, the German subsidiary of the group chaired by Florentino Pérez has closed with a rise of 5.54%, to 365.6 euros per share, which raises its market capitalization to 28.4 billion euros. At the same time, ACS has recorded an advance of 2.41%, to 87 euros per share.
According to information previewed by Bloomberg, the Spanish 'holding' would be examining various strategic options, including the purchase of the Hochtief share package that is still not in its hands or a possible merger between the two companies.
Currently, ACS owns 75.7% of Hochtief’s share capital, so the percentage pending acquisition stands at 24.3%. The possible deal remains in a preliminary phase and, for now, ACS, consulted by Europa Press, has declined to make any comments in this regard.
Taking as a reference the closing price this week, of 365.6 euros per share, the purchase of the remaining 24.3% of the company, which is exactly 18,883.846 shares, in order to reach 100% of the share capital, would imply an outlay of a little more than 6.9 billion euros.