HOCHTIEF : An uninterested shareholder that is likely to weigh on the share price
>Atlantia secures financing at a lower cost by reducing its stake in HOCHTIEF - Atlantia announced on Wednesday evening that it had carried out a financing deal (€ 752m) with Goldman Sachs, involving: 1/ a collar transaction (combination of the purchase of a put option and the sale of a call option) on HOCHTIEF shares; and 2/ a loan of HOCHTIEF shares to Goldman Sachs, which then sold the shares lent, hence the pressure on the HOCHTIEF share price yesterday. 1/ A...Hochtief is a holding company. Through its subsidiaries, Co. operates as a construction company engaged in projects in the transportation, energy, and social and urban infrastructure sectors as well as contract mining. Co. provides its services through three divisions: HOCHTIEF Americas, which encompasses the construction activities of operational units in the U.S and Canada; HOCHTIEF Asia Pacific, which includes the construction activities and contract mining in the Asia-Pacific region; and HOCHTIEF Europe, which designs, develops, builds, operates, and manages real estate and infrastructure, with primary business in Europe as well as selected other regions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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