24.03.2011 - Qatar Holding raises Hochtief stake, complicating ACS plan
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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