German owner of CIMIC, Hochtief, fined $400,000 for insider trading after ASIC probe

By Sarah Danckert
Updated December 8 2016 - 9:18pm, first published 8:58pm
CIMIC CEO Marcelino Fernandez Verdes is also on the board of Hochtief.  Photo: Rob Homer
CIMIC CEO Marcelino Fernandez Verdes is also on the board of Hochtief. Photo: Rob Homer

German construction company Hochtief, the controlling shareholder in engineering contractor CIMIC Group, has been fined $400,000 after being found to have engaged in insider trading.

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