The construction company HOCHTIEF (UK) has been appointed to build the new bridge, alongside Gwynedd-based civil engineers Mulcair.

BBC: Penrhyndeudraeth-Harlech bridge replacement under way

Then, Germany's Commerzbank bought back his 10% stake in German construction company Hochtief.

FORBES: Magazine Article

It also has bid for the airport operations of Germany's Hochtief AG.

WSJ: China's Heavy-Hitters Stay Home from Davos in Holiday Week

Leighton has been run at arm's length and Hochtief argues that ACS's bid is really aimed at acquiring Leighton as the jewel in its crown.

ECONOMIST: Two construction giants seek to evade a Spanish predator

Mr. Deripaska's group said it had acquired 10% of Hochtief last spring, when the construction company was trading at about three times its level today.

WSJ: Russia's Deripaska Faces Western Investigations

Predictably Hochtief has resisted, asking for changes in German law to make the bid, which will allow creeping acquisition of shares over a 30% threshold, more expensive.

ECONOMIST: Two construction giants seek to evade a Spanish predator

Its telecoms and chemicals businesses have been sold, and it will probably dispose of its stakes in Hochtief, a construction company, and Heidelberger Druckmaschinen, a printing-machine manufacturer, in the next few years.

ECONOMIST: Water industry