CIM cimic group limited
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News: CIM Hochtief Raises Cimic Stake To 76.7% - CEO

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    28/04/20
    18:35
    Post #: 44307958

    April 28 (Reuters) - Hochtief CEO:

    • WE EXPECT GOVERNMENTS, PRIVATE SECTOR TO CONTINUE TO INVEST DESPITE CORONAVIRUS IMPACT
    • WE COULD UPDATE 2020 PROFIT GUIDANCE ONCE CORONAVIRUS IMPACT CAN BE BETTER ANTICIPATED
    • WE INVESTED 100 MLN EUR IN PAST WEEKS TO RAISE STAKE IN CIMIC (CIM) TO 76.7%
    • AVERAGE COST OF RAISING CIMIC STAKE WAS A$19.20 PER SHARE
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