Spanish Government Authorizes Hochtief Bid For Abertis -Europa Press

The Spanish government has authorized Hochtief AG to continue with its 18.6 billion euros ($22.2 billion) takeover bid for Spanish toll-road operator Abertis Infraestructuras SA, according to Spanish news agency Europa Press.

--Germany's Hochtief is controlled by Spain's Actividades de Construccion y Servicios SA the news agency reports.

--The Spanish government is still considering the approval of Atlantia SpA's bid for Abertis, according to Europa Press. The Italian company requested formal authorization from the government on Dec. 21.

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(END) Dow Jones Newswires

December 29, 2017 10:08 ET (15:08 GMT)