Hochtief Admits to Insider Trading Weeks Before Leighton Bid

  • Hochtief knew Leighton's 2013 results when buying stock: ASIC
  • German builder says its `contravention was inadvertent'

Hochtief AG admitted to insider trading of Leighton Holdings Ltd. shares in early 2014, about five weeks before mounting a A$1.16 billion ($825 million) bid for the rest of the Australian construction company.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.