GERMANY - 25% stake in Hochtief up so sale

Rothschild is reported to have been mandated with the sale the 25% holding of billionaire August von Finck in international construction group Hochtief. Strategic as well as financial investors are said to have already approached the French investment bank. Previously the privately held 25% stake in the listed Hochtief group had been regarded as a deterrent against unfriendly takeovers.