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.
European real estate asset manager Primonial REIM has appointed Jean-Luc Néez as its new CFO and deputy managing director.
