By Nathan Allen 
 

Hochtief AG (HOT.XE) said Wednesday that it will begin buying out the remaining 5.31% of Abertis Infraestructuras SA (ABE.MC) that it doesn't already own.

The German construction company, which is a subsidiary of Actividades de Construccion y Servicios SA (ACS.MC), will pay 18.36 euros ($21.25) a share for the remaining equity. The purchase order extends from June 21 until at least July 27, Hochtief said.

Abertis's shareholders will then vote on delisting the company from the Spanish stock exchanges at a general meeting on July 25.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

June 21, 2018 04:51 ET (08:51 GMT)