German construction group Hochtief has announced the launch of a share buyback of up to 3.47 million shares. The shares, with a value of around EUR 140 mln, will be bought by the company's pension fund, Hochtief Pension Trust. The share buyback programme was first approved during a meeting in May this year, the company said in a statement.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
