Still a long way to go: Hochtief’s bid opens takeover battle with Atlantia for Abertis Infraestructuras

Hochtief AG (ETR: HOT) – market cap as of 03/11/17: €9.87bn Atlantia SpA (BIT: ATL) – market cap as of 03/11/17: €22.68bn Abertis Infraestructuras S.A. (BME: ABE) – market cap as of 03/11/17: €18.34bn Introduction On October 19, the German construction company Hochtief announced a counterbid of c. €19bn for Read more…