CANBERA (dpa-AFX) - Cimic Group Ltd., the Australian construction company
controlled by Germany's Hochtief AG (HOCFF.PK), has offered to buy the rest of
UGL Ltd. for A$3.15 per share in cash.
Cimic, which already owns 13.84 percent of...
BERLIN (dpa-AFX) - German construction major Hochtief AG (HOCFF.PK) Friday
said its net profit for the first half rose 7 percent to 108 million euros, as
the Group's all three divisions-Americas, Asia Pacific, and Europe - contributed
BERLIN (dpa-AFX) - German construction major Hochtief AG (HOCFF.PK) Tuesday
reported higher profit for the nine-month period, while sales and new orders
declined. The company maintained its operational net profit outlook for full
German company Hochtief AG (OTC: HOCFY) posted a net profit during the first nine months of the year.
Hochtief's posted a net profit of 92 million euro ($118 million), versus a year-ago net loss of EUR57 million.
Its sales rose around 18%...
Private equity investors and promoters of Coastal Projects, a Hyderabad based construction services firm, are in discussions with German giant Hochtief AG to sell a majority stake, said three separate sources familiar with the process. The...
Hochtief AG (OTC: HOCFY) reported an 81% rise in its Q3 net income.
Hochtief's quarterly consolidated profit surged to 98.7 million euros ($135.8 million), versus €54.6 million, in the year-ago quarter.
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Hochtief AG, Germany’s largest publicly traded builder, said pretax profit may fall 50 percent this year after its Australian unit predicted a loss and said it would sell stock. Hochtief shares fell the most in two years.
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