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.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

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

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles