METS

Leighton okays German buyout

LEIGHTON Holdings shareholders have accepted a revised share buying offer from Hochtief, giving the German construction group a majority stake in the company and replacing Leighton’s CEO.

Justin Niessner
Leighton okays German buyout

As a result of the offer, Hochtief local subsidiary Hochtief Australia Holdings will increase its stake in Leighton from 58.8% to up to 73.8% for a total cash consideration of about $A1.2 billion. ...

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