FIRB clears Hochtief's Leighton bid

Govt won't object to Spanish-owned company's proportional takeover offer.

Construction firm Leighton Holdings' majority shareholder Hochtief has been granted Foreign Investment Review Board approval for its proportional takeover bid.

Investor reaction was muted. Leighton shares fell 0.6% to $20.02 at the 10.15am (AEST) official market open, against a benchmark index fall of 0.9%.

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