Hochtief CFO: ACS And Hochtief Have Cooperation Potential - Report
First Published Sunday, 27th May 2012 03:39 pm - © 2012 Dow Jones
FRANKFURT -(Dow Jones)- The Chief Financial Officer of Germany's Hochtief AG (HOT.XE), Peter Sassenfeld, said he sees a large potential for joint projects with the construction company's major shareholder, Spain's Actividades de Construccion y Servicios SA (ACS.MC), according to a report in Frankfurter Allgemeine Sonntagszeitung.
The two companies' combined revenue from such projects could reach a high single-digit billion euro amount, he said, according to the report.
Hochtief and ACS could cooperate at traffic projects in North America and Australia or electricity cables in Germany, Sassenfeld noted.
Newspaper website: www.faz.net
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.