CIMIC, Hochtief share buybacks spur ACS takeover speculation
CIMIC's Spanish parent, Grupo ACS, may be positioning for a full takeover of the construction group after increasing its stakes in its Australian and German subsidiaries via share buybacks.
Simultaneous share buybacks at ACS subsidiaries Hochtief and CIMIC, which was formerly known as Leighton Holdings, have sparked market speculation that the Spanish construction group is preparing to seize full control of both companies.
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