12-Apr-2011 3:18 PM
Hochtief halves outlook, CEO steps down; GMR completes airports executive reshuffle
Analysis
Shares in infrastructure and airports company Hochteif fell 9.5% on Monday. The company issued a forecast estimating pre-tax profit may fall by as much as 50%. CEO Herbert Luetkestratkoetter has announced he will step aside for Frank Stieler.
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