LEI Leighton Fpo

   By Rhiannon Hoyle 
 

SYDNEY--Leighton Holdings Ltd. (LEI.AU) has taken full control of Australian telecommunications, energy and infrastructure services company Silcar Pty Ltd. by acquiring the 50% stake of German engineering and technology conglomerate Siemens AG (SI).

Leighton subsidiary Thiess Pty Ltd. said it had agreed to acquire Siemens' shares in the company "so that both companies could better focus their respective strategic portfolios." A spokesman for Thiess declined to provide further details on the deal, including the acquisition price.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires