Key Developments: Hochtief AG (HOTG.DE)

HOTG.DE on Xetra

56.52EUR
15 Aug 2014
Price Change (% chg)

€0.14 (+0.25%)
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€56.38
Open
€55.82
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€57.62
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€55.82
Volume
101,782
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122,431
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€70.44
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€52.00

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Latest Key Developments (Source: Significant Developments)

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

Hochtief AG reaffirms FY 2014 outlook
Thursday, 31 Jul 2014 01:04am EDT 

Hochtief AG:Says guidance for FY 2014 reaffirmed.Continues to anticipate further progress in FY 2014, with operational consolidated net profit in range of 225-250 million euros.  Full Article

Hochtief AG to build tunnel project in Tirol for 132 million euros
Monday, 21 Jul 2014 05:30am EDT 

Hochtief AG:Says to build large tunnel project in Tirol for 132 million euros.Says construction lot comprises driving of more than 22-kilometer-long pressure tunnel.Tunnel to be completed in mid-2018.  Full Article

Hochtief AG confirms FY 2014 net profit outlook
Tuesday, 6 May 2014 08:00pm EDT 

Hochtief AG:Continues to expect further progress with operational group net profit in range of 225-250 million euros in FY 2014.  Full Article

Leighton Holdings Ltd announces improved HOCHTIEF AG offer
Wednesday, 12 Mar 2014 07:01pm EDT 

Leighton Holdings Ltd and HOCHTIEF AG:Enters into bid implementation agreement, under which HOCHTIEF has increased its offer to Leighton shareholders to $22.50 per share for three out of eight shares (the improved offer).This compares with HOCHTIEF offer of March 10, of $22.15 per share for three out of eight shares.Shareholders on the register on March 21, will also be entitled to receive the dividend of $0.60 per share, to be paid on April 4.During the negotiations, the independent directors pressed HOCHTIEF to make takeover offer for all shares (rather than a proportional offer), however HOCHTIEF has declined to do so.Improved offer is unconditional, other than requirement for FIRB approval.Say that employment of Leighton's chief executive officer Hamish Tyrwhitt and deputy chief executive officer and chief financial officer Peter Gregg has been terminated and they have both resigned from the board, effective immediately.Robert Humphris OAM will remain as independent chairman with a casting vote under the Leighton constitution.Marcelino Fernandez Verdes, the current chief executive officer of HOCHTIEF AG, has been appointed as chief executive officer of Leighton, on terms and conditions to be determined by Leighton board.  Full Article

HOCHTIEF AG announces intention to make proportional offer for shares of Leighton Holdings Ltd
Sunday, 9 Mar 2014 07:37pm EDT 

HOCHTIEF AG:Says, through its wholly owned subsidiary HOCHTIEF Australia Holding Limited, that it intends to make a conditional, proportional off-market offer to acquire three out of every eight shares held by Leighton Holdings Ltd shareholders (other than HOCHTIEF) for $22.15 cash per share.Leighton Holdings shareholders who are on the Leighton registers on March 21, and who accept the offer will therefore receive $22.15 per share in respect of 37.5 pct. of their Leighton shares.If all Leighton shareholders accepts the offer, HOCHTIEFwill increase its stake in Leighton from 58.77 pct. to a maximum of 74.23 pct. for a total cash consideration of about $1.155 billion.HOCHTIEF announced that it intends to increase its representation on the Leighton Board to reflect its majority interest in Leighton.  Full Article

Hochtief AG issues FY 2014 net profit outlook in line with analysts' estimates and proposes FY 2013 dividend
Wednesday, 26 Feb 2014 07:00pm EST 

Hochtief AG:Recommends a dividend of 1.50 euro per share for FY 2013, a 50 pct increase.Anticipates further progress in respect to operating consolidated net profit in range of 225-250 million euro in FY 2014.FY 2014 net income of 233.18 million euro - Thomson Reuters I/B/E/S.  Full Article

Hochtief AG Reaffirms FY 2013 Net Profit Guidance-Conference Call
Wednesday, 14 Aug 2013 05:00am EDT 

Hochtief AG announced that prior to the impact from divestments and restructuring, the Company is maintaining a net profit range of EUR210 million to EUR250 million for fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of EUR23 million for fiscal 2013.  Full Article

Deals of the day- Mergers and acquisitions

(Adds Hochtief, Celulosa Arauco y Constitucion, Schneider Electric, Burton's Biscuits, Adama, CIC, Telecom Italia and Enterprise Products)

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