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off the top of my head w/ no research, i'd say that ACS must expand to other markets because of the slowdown in Spain.  Further, they see Hochtief with a huge coming position constructing in the offshore wind sector.  In fact, hochtief is in a 50% partnership with Beluga Shipping to not only construct, but build construction and transport vessels.

this could be one reason why the german gov is taking a stance to prevent the takeover.

all taking place on the new battlefield of market protectionism (see cf. german giants taking on China over IP, tech transfer steals, and low yuan; or france/Alsom taking on Eurotunnel/Siemens; dollar devaluation.)

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin

by Crazy Horse on Fri Oct 15th, 2010 at 05:25:39 AM EST
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Crazy Horse:
this could be one reason why the german gov is taking a stance to prevent the takeover.
Germany joined the EU to take over others' firms, not the other way around.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Fri Oct 15th, 2010 at 05:44:29 AM EST
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???  SPD chief Gabriel has already called on Merkel to intervene, as well as calling for changes to law to make it harder for hostile takeovers.  bruederle has so far refused, but as in Opel, some action is quite likely.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin
by Crazy Horse on Fri Oct 15th, 2010 at 06:20:01 AM EST
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There is one set of rules for German firms and one for others, obviously.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Fri Oct 15th, 2010 at 06:25:05 AM EST
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Pardon? Uhhh...give me a second...I'm updating the Colonialism Disguised As Capitalism Handbook.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Fri Oct 15th, 2010 at 07:29:16 AM EST
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