Hochtief needs 10% in a hurry

German suitor has just one week to boost Leighton stake beyond 70 per cent.

Germany's Hochtief has just one week left to boost its stake in Leighton Holdings beyond 70 per cent as part of its $1.2 billion proportional takeover offer for the Australian construction giant, which closes next Friday.

The German company, controlled by Spain’s ACS group, has aspirations to secure as much as 73.82 per cent of Leighton as part of a proportional bid announced in March, when it already owned close to 59 per cent of the company.

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