KPMG says Hochtief offer for Leighton is fair

KPMG has declared that Hochtief's $1.2bn bid for Leighton is fair and reasonable, but outlines other risks.

Independent expert KPMG has declared Spanish-owned German construction giant Hochtief’s $1.2 billion takeover offer for Leighton Holdings as fair and reasonable, but has warned about a number of risks facing the Australian construction group, including its $5.1 billion in outstanding receivables and an ongoing inquiry by the Australian Federal Police.

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