By Ulrike Dauer
FRANKFURT--German construction services company Hochtief AG (HOT.XE) said it will buy back up to 6.916 million of its shares.
The buyback of up to 10% of the company's equity capital will be carried out between Oct. 7 and Dec. 31, 2015.
Based on Wednesday's closing price of EUR53, the company would spend up to EUR367 million. The share buyback of up to 10% has already been approved by the company's 2014 annual shareholders meeting...