A probe by German regulator BaFin exploring what role a major investment fund played in Spanish builder ACS's (ACS.MC) moves to take control of German peer Hochtief (HOTG.DE), yielded no evidence of impropriety. In a statement on Wednesday, Germay's regulator BaFin said it had found no evidence that Southeastern Asset Management and ACS had acted in concert. BaFin further said a revised ACS takeover offer for Hochtief, from December, was admissible.
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