Control of construction and contracting group Leighton Holdings is in play, with Spanish company ACS launching a bid for its German parent, just days after Leighton announced the retirement of long serving chief executive Wal King.

Control of construction and contracting group Leighton Holdings is in play, with Spanish company ACS launching a bid for its German parent, just days after Leighton announced the retirement of long serving chief executive Wal King.