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Article: ACS may face problems with tender bid for Pol-Aqua - report.
- Article from:
- ADP News Spain
- Article date:
- September 29, 2009
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(ADPnews) - Sep 29, 2009 - Spanish construction and services group Actividades de Construccion y Servicios SA (MCE:ACS) may face problems with its tender bid for Polish sector player Pol-Aqua SA (WAR:PQA) after a recent appreciation of the company and criticism by minor shareholders, Spanish daily Expansion reported today.
Investment fund Pioneer Pekao, holding an over 5% stake in Pol-Aqua, decided to analyse better the offered price by ACS after the market price of the Polish company had increased. Pol-Aqua has won new contracts in Poland, as well as its turnover for 2009 is expected to rise by 20% to around EUR 360 ...