Leighton price attracts Hochtief

Hochtief CEO says his firm 'took advantage' of low prices to raise stake.

Hochtief chief executive Marcelino Fernandez Verdes has said his company was seeking to “take advantage” of Leighton Holdings's (LEI) weak share price earlier in 2013 when it raised its stake in the company, according to The Australian Financial Review.

On June 21, Leighton's share price fell to a 52-week low of $14.40, around the same time its parent, Hochtief, began raising its stake in Leighton.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles