The European Commission has cleared, under the EU Merger Regulation, the proposed acquisition of Abertis by Hochtief.
Abertis manages and operates toll road infrastructure. Hochtief, ultimately controlled by the ACS Group, is mostly active in the construction sector.
The Commission concluded that the merged entity would continue to face effective competition in the relevant markets.
The Commission's investigation focused on:
the market for toll motorway concessions where
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