Key Developments: Hochtief AG (HOTG.DE)

HOTG.DE on Xetra

70.35EUR
24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

HICL Infrastructure Company announces acquisition of equity interests in two projects from Hochtief Solutions PPP (UK) Ltd, subsidiary of Hochtief AG
Tuesday, 14 Apr 2015 02:00am EDT 

HICL Infrastructure Company Ltd:Acquires from Hochtief Solutions PPP (UK) Ltd, subsidiary of Hochtief AG, of further equity interests in two of its existing projects.40 pct interest in the Salford & Wigan Phase 1 BSF1 Project ("S&W Phase 1") and a 40 pct interest in the Salford & Wigan Phase 2 BSF Project ("S&W Phase 2"), for a combined consideration of 16.0 mln pounds.HICL now holds an 80 pct interest in each project.  Full Article

Hochtief gives FY 2015 operating profit outlook, proposes dividend
Monday, 2 Mar 2015 01:01am EST 

Hochtief AG:Sees for FY 2015 operating profit of 220-260 million euros.Proposes dividend of 1.90 euros per share for 2014, including special dividend of 0.20 euros per share.  Full Article

Hochtief sells shares in A4 PPP project in Thuringia
Tuesday, 24 Feb 2015 05:00am EST 

Hochtief AG:Sale of 50 percent of shares in concession company Via Solutions Thueringen GmbH & Co. KG.Previously both Hochtief and vinci concessions had a 50 percent stake in Via Solutions Thueringen Gmbh & Co. KG.  Full Article

Hochtief AG wins contract to build Granitz Valley tunnel chain in Austria
Monday, 26 Jan 2015 07:00pm EST 

Hochtief AG:Together with Implenia Oesterreich, HOCHTIEF Infrastructure Austria has signed a contract to build Granitz Valley tunnel chain.Client is OEBB-Infrastruktur AG.Contract is worth some 140 million euros, 50 pct of which goes to HOCHTIEF Infrastructure Austria.Work is due to be completed in about five years’ time at beginning of 2020.Final completion of the Koralmbahn railway is planned for 2023.  Full Article

Hochtief unit sells Height 1 office high-rise In Hamburg
Tuesday, 6 Jan 2015 08:01am EST 

Hochtief AG:Says Hochtief Projektentwicklung sells Height 1 office high-rise In Hamburg.  Full Article

Hochtief AG says Leighton to sell 50 pct stake in Services Business to Apollo
Tuesday, 16 Dec 2014 07:00pm EST 

Hochtief AG:Says Leighton to sell 50 pct stake in Services Business to Apollo.Sale values operations at 710 million euros.Approx. 460 million euros in cash proceeds will reduce gearing at Leighton Holdings.  Full Article

Hochtief AG reiterates FY 2014 outlook
Tuesday, 11 Nov 2014 01:00am EST 

Hochtief AG:Reiterates guidance for FY 2014 operating profit of 225-250 million euros.  Full Article

Hochtief AG sells Offshore Assets to Belgian marine contractor GeoSea
Wednesday, 15 Oct 2014 08:00pm EDT 

Hochtief AG:Says is selling its offshore assets to marine contractor and long-term partner GeoSea, subsidiary of the DEME group.Says transaction to lead to positive book gain for Hochtief.  Full Article

Hochtief AG sells property developer Formart to Activum SG - Reuters
Monday, 6 Oct 2014 02:38am EDT 

Hochtief AG:Sells property developer Formart to Activum SG - Reuters.Says property developer Formart sale price was close to its book value.Says seeking further options for its remaining property development operations.  Full Article

Hochtief AG decides to conduct share buyback
Wednesday, 1 Oct 2014 11:55am EDT 

Hochtief AG:Says it has decided to buy back about 6.9 million of its shares, or about 10 pct of its share capital.Buyback will run from Oct. 7 to Dec. 31.  Full Article

UPDATE 2-Hochtief targets 2015 profit jump after 2014 beat

* Shares jump up to 5 percent (Adds CEO quote, analyst comment, share price)

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