ACS or Actividades de Construccion y Servicios stated that it does not require an offer for an auxiliary Australian firm for its bid launched for Hochtief AG. ACS thus had disagreed with the Hochtief which does not want ACS in the competition of acquiring stakes in Leighton.

Australian securities regulators got a filing from Hochtief where the company has asked the regulators to force ACS the Spanish builder for bidding for the the extraordinary shares of Leighton Holdings Ltd.

According to ACS who is planning to acquire the Germany based Essen located firm Hochtief for two decimal seven billion Euros stated that their claim is absolutely bogus.

On 17 September, ACS had stated that before announcing its offer the firm checked out whether the offer would need a buyout offer for Leighton in which Hochtief has fifty four decimal five percent stakes.

The Australian building firm is a strong asset of the German company as the value of its stake in the Australian firm is equivalent to the value of the entire German firm.

If ACS is forced to make a bid for the outstanding shares of the Australian company Leighton for the offer then its offer price will, scale up and the Spanish firm has to step back. ACS from its past deals has debts in the tune of ten billion Euros.

If it becomes mandatory for ACS to offer for Leighton then the firm would require an additional three decimal one five billion Euros as stated by an analyst named Alexander Groschke who is at Landenbank ,located in Baden-Wuerttemburg

Groschke who gives advice to people for buying Hochtief shares had been found saying that the step taken by Hochtief indicated that the company wanted to retaliate and that would make the firm more expensive for acquisition.