Hengeler Mueller advises HOCHTIEF on capital increase of Leighton
11. April 2011
Leighton Holdings, the Australian listed subsidiary of HOCHTIEF AG, today announced a capital increase with subscription rights in which HOCHTIEF AG will participate corresponding to the percentage of its shareholding in Leighton. The proceeds from the capital increase in the amount of AUD 757 m (approximately EUR 550 m) are supposed to be used to improve Leighton’s balance sheet ratio, provide financial flexibility for growth and support investment grade credit rating metrics.
Hengeler Mueller is advising HOCHTIEF AG on this transaction. The Hengeler Mueller team includes partners Gerd Sassenrath, Bernd Wirbel and Gerd Krieger as well as associates Heiko Gotsche, Christian Schmies and Tobias de Raet (all Düsseldorf).