Wennemer Seeks Closer Hochtief Ties With ACS, Handelsblatt Says

Hochtief AG (HOT) should improve ties to shareholder Actividades de Construccion & Servicios SA to reap synergies in “important” markets, Handelsblatt cited Hochtief Supervisory Board Chairman Manfred Wennemer as saying.

Marcelino Fernandez Verdes, an ACS executive who was named chief operating officer of Hochtief today, should work for that goal, the newspaper reported, citing Wennemer in an e-mailed summary of an article to be published tomorrow.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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