Leighton boosts Hochtief's defence against ACS

Leighton has lodged an appeal with the Australian regulator asking that ACS make a ‘fully priced cash bid’ for its minority shareholdings should it take over Hochtief, which owns over 54% of Leighton. ACS, meanwhile, will ask shareholders to allow it to increase its capital by up to €6bn to strengthen its bid for Hochtief.