German construction company Hochtief (HOTG.DE) said it plans to list its Hochtief Concessions AG unit on the Frankfurt stock exchange this year. If "suitable capital market environment exists", the initial public offering will take place before the end of 2009, the company said late Wednesday. Join discussion...

Hochtief, Germany's largest builder, expects to get less than 1 billion euros ($1.47 billion) from the possible sale of shares in its Concessions unit, several people with knowledge of the matter said. Join discussion...

Contractors had expected the airport operator to issue a tender earlier this year but senior management changes at ADAC delayed the process. ADAC had planned to build the terminal as part of a build operate transfer project and had short listed 3 companies for the contract: France’s Aero ports de Paris Germany’s Hochtief and Turkey’s TAV. Join discussion...

Partnerships for Schools chief Tim Byles has hailed the signing of the £400 million Salford and Wigan Building Schools for the Future contract. A Hochtief/Laing O’Rourke joint venture was named preferred bidder for the scheme last month but signed the paperwork today. Join discussion...

Billionaire Oleg Deripaska's Basic Element, Germany's Fraport and Flughafen Wien are among the companies bidding for a 40.2 billion ruble ($1.28 billion) contract to upgrade St. Petersburg's Pulkovo Airport. Fraport, the operator of Frankfurt Airport, is bidding with VTB Europe, the London-based investment unit of VTB Group, to overhaul and operate for 30 years Russia's largest airport outside Moscow, the municipal government said Thursday in announcing the three bidding groups. Join discussion...

Although he wouldn't specify the name of the bidder, it is thought to be a consortium made up of the following companies: Hochtief PPP Solutions GmbH, Alpine Bau GmbH, FCC Construcción S.A. and Western Carpathians Motorway Investors Company GmbH. According to Vážny, there are indications that a second potential applicant didn't manage to submit its bid within the deadline on May 11. Join discussion...

Hochtief AG, Germany’s biggest builder, said profit will be flat this year as sales and orders fall and predicted that financial markets may not stabilize until 2010. Join discussion...

Groups led by 3i Infrastructure Plc and a Deutsche Bank AG fund have withdrawn from the auction, three people familiar with the situation said. German builder Hochtief AG was taken off a shortlist last month and executives from Citi Infrastructure Investors and Global Infrastructure Partners say they’ll bid but that a lack of funds is hampering progress. Join discussion...

French construction and concession company Vinci SA (12158.FR) Tuesday said it has won the concession of Germany's A-Modell A5 highway for 30 years, representing an investment of EUR600 million. Join discussion...

Essen-based Hochtief submitted an initial offer that was too low, one of the people said, declining to be identified as the details of the sale are private. The decision would leave five remaining bidders: infrastructure funds started by Citigroup Inc., Deutsche Bank AG and 3i Group Plc, along with a group led by Toronto-based Borealis Infrastructure and Global Infrastructure Partners, the owner of London’s City Airport. Join discussion...