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Hochtief and Leighton

Hochtief (HOCFF.pk) owns a 55% stake in Leighton Holdings (LGTHF.pk).  Both companies are in construction/engineering; Hochtief is German, Leighton is Australian.  What is interesting is that Hochtief's current market value ~3.6 B EUR is nearly equivalent to the market value of its 55% stake in Leighton ~3.5 B EUR.

More to follow...