Subsidiaries of the HOCHTIEF construction group have landed a multi-billion dollar contract in the USA.
Like the group HIGH LOW announced that a joint venture between Turner and Flatiron is building a new terminal at San Diego International Airport for $ 2.265 billion.
Construction is scheduled to begin at the end of 2021. A first part of the new terminal is scheduled to open in 2025, the second part in early 2027.
The HOCHTIEF share was promoted to the market before the trading day: on the Tradegate trading platform, the shares were listed almost five percent above the Xetra closing price on Monday.
A trader assessed the order positively for the construction company because it was a billion-dollar project. The Hochtief subsidiaries Flatiron and Turner put the volume at the equivalent of almost two billion euros in a joint statement. The old terminal built in the 1960s is to be replaced in the California city. FRANKFURT (Dow Jones Newswires / dpa-AFX)