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HOCHTIEF Completes Sale of Shares in Sydney Airport - HOCHTIEF has transferred its shares in Sydney Airport to the Canadian investor Public Sector Pension Investment Board (PSP Investments, Canada) - HOCHTIEF.com
HOCHTIEF Completes Sale of Shares in Sydney Airport

 

PRZOOM - /newswire/ - Essen, Germany, 2013/09/05 - HOCHTIEF has transferred its shares in Sydney Airport to the Canadian investor Public Sector Pension Investment Board (PSP Investments, Canada) - HOCHTIEF.com.

   
 
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• Cash inflow of EUR 308 million;
• Important milestone reached in closing of sale of entire Airport business line;
• Completion of entire transaction planned before the end of the year.

HOCHTIEF has transferred its shares in Sydney Airport to the Canadian investor Public Sector Pension Investment Board (PSP Investments, Canada). The transaction results in a cash inflow of EUR 308 million and is an important milestone for the closing of the sale of the entire Airport business line to PSP Investments for a total of approximately EUR 1.1 billion.

HOCHTIEF continues to expect that complete closing will be achieved before the end of the year.

About HOCHTIEF

HOCHTIEF (hochtief.com) is one of the world's leading construction groups. We have excelled for 140 years in our core competency of construction. Our focus is on complex infrastructure projects, many of which we deliver on the basis of concession models. We additionally develop and operate real estate and facilities.

With almost 80,000 employees and a sales volume of EUR 25.53 billion in FY 2012, the company is represented in all the world's major markets. The 2012 ranking from Engineering News-Record magazine reaffirmed our Group's status as the world's most international provider, with over 90% of sales outside of Germany.

 
 
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Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF Completes Sale of Shares in Sydney Airport

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HOCHTIEF AG | Sydney Airport
Contact: Christian Gerhardus - HOCHTIEF.com 
+49 201 824-2642 christian.gerhardus[.]hochtief.de
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

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