In January, a joint venture of Hochtief and Norwest Holst won a £125m Channel Tunnel Rail Link contract for work on two rail sections.
Hochtief is the third largest contractor in Europe, despite being hit by a series of spectacular losses caused by the collapse of its home market.
Late last year, Hochtief revealed a £36m loss for the nine months to 30 September and said profit for 2001 would be well down on 2000.
Hochtief chairman Hans-Peter Keitel earlier this year denied suggestions that the group would brave the downturn in the German construction market and acquire a leading British contractor.
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