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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Qatar Holding raises Hochtief stake, complicating ACS plan

Posted on 24 March 2011

Actividades de Construccion y Servicios SA’s prospects of taking control of Hochtief AG Wednesday suffered a blow as Qatar Holding LLC raised its shareholding and the German construction company reported better-than-expected earnings, making its shares even more attractive to investors.
Qatar Holding, an investment vehicle of the state-run Qatar Investment Authority, raised its stake in Hochtief to above 10% from 9.1%, reducing the free float that Spain’s ACS is targeting……………………………………….Full Article: Source


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