Hochtief seeks bigger slice of Leighton

LEIGHTON Holdings’ major shareholder, Germany’s Hochtief, has made a $A1.1 billion proportional takeover for the Australian contractor, to take its stake to nearly 75%.

Hochtief seeks bigger slice of Leighton
Hochtief seeks bigger slice of Leighton
Hochtief seeks bigger slice of Leighton
Hochtief seeks bigger slice of Leighton
Hochtief seeks bigger slice of Leighton

Hochtief owns 58.7% of Leighton and if its offer is successful, that would increase to 74.2%.

The German company will offer to acquire three out of every eight Leighton shares held at a price of $22.

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