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US News HOCHTIEF share fixed pre-trading: Subsidiaries build terminal in San Diego

10:10  22 september  2020
10:10  22 september  2020 Source:   finanzen.net

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new terminal of San Diego 's international airport after a joint venture owned by ACS subsidiary pushing some to downsize as passenger traffic languishes at less than half pre -pandemic levels. Flatiron and Turner are both subsidiaries of engineering and infrastructure group Hochtief (DE

Hochtief AG is a Germany-based holding company engaged in the construction industry. Through its subsidiaries , Hochtief delivers construction and civil engineering projects for the transportation, energy and urban infrastructure industries, as well as the mining industry.

Subsidiaries of the HOCHTIEF construction group have landed a billion-dollar contract in the USA.

Hannelore Foerster/Getty Images © Provided by Finanz.net Hannelore Foerster / Getty Images

As the company announced to HOCHTIEF , a joint venture between Turner and Flatiron is building a new terminal at the international airport in San Diego for 2.265 billion US dollars.

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.

HOCHTIEF shares get a pre-listing: on the Tradegate trading platform, the shares are listed almost five percent above the Xetra closing price on Monday.

A trader rated the contract as positive 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)

tech values ​​push: Dow Jones goes stronger into the weekend .
Wall Street was more robust than the markets in Europe before the weekend. © Provided by Finance.net DANIEL ROLAND / AFP / Getty Images The Dow Jones opened the session on Friday at a discount of 0.45 percent to 26,694.51 points. At first he stayed on the red, but then made the leap into positive territory and increased his profits until the end of trading. In the end of the day, the US leading index finally went 1.34 percent higher at 27,175.86 points.

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