Qatar's sovereign-wealth fund is to increase its stake in German builder Hochtief, which is being stalked by Spanish builder ACS, according to a statement Thursday.
ACS is currently the biggest shareholder. Qatar is at number two with just over 10 per cent of Hochtief.
The Qatar fund said it would be lifting its stake over the next 12 months, but did not say what its target would be. The fund obtained 9.1 per cent of the publicly-listed group last year.
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