Hochtief To Buy Back Up To 6.9 Million Shares
October 01 2014 - 1:27PM
Dow Jones News
By Ulrike Dauer
FRANKFURT--German construction services company Hochtief AG
(HOT.XE) said it will buy back up to 6.916 million of its
shares.
The buyback of up to 10% of the company's equity capital will be
carried out between Oct. 7 and Dec. 31, 2015.
Based on Wednesday's closing price of EUR53, the company would
spend up to EUR367 million. The share buyback of up to 10% has
already been approved by the company's 2014 annual shareholders
meeting.
Write to Ulrike Dauer at Ulrike.Dauer@wsj.com
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