We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 9 Dec 2010 04:13 PM

Font Size

- Aa +

Qatar may raise Hochtief stake beyond 9.1 pct - paper

Emirate may buy additional shares over the stock market to ensure that construction projects currently underway in Qatar are not disrupted

Qatar may raise Hochtief stake beyond 9.1 pct - paper
Earlier this week Qatar said it will buy a 9.1 percent stake in Hochtief for 400 million euros ($528.68m).

Qatar may raise its stake in Hochtief  beyond 9.1 percent, German
daily Financial Times Deutschland said without quoting sources.

The emirate may
buy additional shares over the stock market to ensure that construction projects
currently underway in Qatar are not disrupted, the paper said.

Earlier this week Qatar said it will buy a 9.1 percent stake in Hochtief for
400 million euros, adding muscle to the No.1 German builder's fight against a
hostile takeover approach from Spanish rival ACS.

Arabian Business: why we're going behind a paywall

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.