Actividades de Construccion & Servicios (ACS) is investing EUR 1.26 bn to acquire a 25% interest in construction company Hochtief from the company's largest investor August von Finck. Spain's biggest construction company offered EUR 72 per share for its German rival in a move to reduce its reliance on the slowing Spanish construction market.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
