Construction News

Mon June 21 2021

Related Information

Hochtief buys more of Leighton

28 Jun 13 Hochtief’s management has increased the group’s stake in subsidiary Leighton Holdings.

Hochtief's management is convinced of Leighton's strength
Hochtief's management is convinced of Leighton's strength

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.

Got a story? Email news@theconstructionindex.co.uk

MPU

Click here to view more construction news »