Europe constructions firms at record high on Germany's infrastructure fund

Compagnie de Saint Gobain SA

05/03/2025 08:59

** Shares in European construction companies rise after the parties hoping to form Germany's next government on Tuesday agreed to create a 500 billion euro ($534 billion) infrastructure fund

** The sector gauge .SXOP is up 4.3% at 0852, hitting record high, and rises the most among other sectoral indices on Europe-wide STOXX 600 .STOXX

** German construction group Hochtief HOTG.DE leads gains, jumping 16% to also hit all-time high, while the world's second-largest cement maker Heidelberg Materials HEIG.DE rises 10%

** Kepler Cheuvreux's analyst Matteo Bonizzoni notes that Italy's construction group Buzzi BZU.MI, whose shares gain over 8%, might benefit from the German fund due to its 12% EBITDA exposure in the country

** Italy's cement and concrete maker Cementir Holding CEMI.MI is up over 5%

** Spain's ACS ACS.MC, a major stakeholder in Hochtief, gains 6%, while France's Saint Gobain SGOB.PA, Eiffage FOUG.PA both are up around 5%

** Swiss construction chemicals maker Sika SIKA.S is up 5% and building materials supplier Geberit GEBN.S rises 4%

($1 = 0.9359 euros)

 (Reporting by Paolo Laudani, Philippe Leroy Beaulieu)

 ((Paolo.laudani@thomsonreuters.com))