The Essen-based company said it wants to acquire three out of every eight shares held by Leighton shareholders for A$22.15 cash per share, and that, if successful, its equity in Leighton would rise from 58.77% to a maximum of 74.23%.
Hochtief shares plan
German group Hochtief plans to spend up to A$1.1 billion (US$990 million) in cash on increasing its shareholding in Australian contractor Leighton Holdings.
14 March 2014 0:00 GMT
Updated
14 March 2014 0:00 GMT
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