Gleiss Lutz advises Leighton in connection with the takeover offer of ACS for HOCHTIEF

Gleiss Lutz has advised Australian construction company Leighton Holdings Limited (Leighton) in connection with the voluntary public takeover offer made by ACS, Actividades de Construcción y Servicios, S.A., to the shareholders of HOCHTIEF AG.

HOCHTIEF AG holds almost 55% in Leighton, one of the world’s major project development and contracting groups and the world’s largest contract miner. Leigthon is listed in Australia and has a market capitalization of more than seven billion euros. Leighton is by far the most valuable subsidiary of HOCHTIEF AG and as such is also affected by the takeover offer of ACS. Moreover, part of the battle against ACS’ takeover of Hochtief was fought in Australia – including with regard to the issue of whether the offer of ACS for Hochtief triggers a mandatory offer for Leighton.

Law firm Allens Arthur Robinson, Sydney, was the lead legal advisor. Gleiss Lutz advised on all aspects of German law.

The Gleiss Lutz team consisted of the following lawyers: Prof. Dr. Gerhard Wegen, Dr. Christian Cascante (both partners, Stuttgart), Dr. Cornelia Topf (partner, Frankfurt, all lead) as well as Dr. Stefan Hoffmann, Dr. Kolja de Vries (both partners, Hamburg), Dr. Jürgen Rieg (Stuttgart), Dr. Christian Vocke (Frankfurt, all corporate/M&A), Dr. Michael Marquardt, Dr. Stefan Mayer (both partners) and Stefan Köhler (all Frankfurt, all tax).