About 4.8 million shares of the Australian company have been acquired to take Hochtief‘s stake in Leighton to just under 55%. “We see Leighton as a strategic investment and as our core business. The company has excellent growth opportunities and a very good market position. We intend to further increase our shareholding in Leighton,” said Hochtief CEO Marcelino Fernández Verdes.
Hochtief said that it considered the current market environment as an excellent opportunity to step up its shareholding in the Australian company. For several decades now, Hochtief has been a major shareholder in Leighton. The management is convinced of Leighton's competitive position, its strategy and future opportunities.