Hochtief AG Forms $800M Joint Venture With Sojitz for UGL Transport
Hochtief AG, through its subsidiary CIMIC Group, has formed a strategic $800 million joint venture with Sojitz Corporation for UGL Transport. Sojitz will acquire a 50% equity stake, creating a 50:50 ownership structure. The partnership aims to expand UGL Transport's services and market presence in the Asia-Pacific region, leveraging collaboration with CIMIC, HOCHTIEF, and ACS companies. The deal awaits regulatory approvals.
Hochtief AG, through its subsidiary CIMIC Group, has entered into a strategic partnership with Sojitz Corporation to accelerate the growth of UGL Transport. Under the agreement, Sojitz will acquire a 50% equity interest in UGL Transport, creating a 50:50 joint ownership structure that values UGL Transport at approximately $800 million. The partnership aims to broaden UGL Transport’s service offering and expand its market presence, particularly in the Asia-Pacific region, leveraging collaboration with CIMIC, HOCHTIEF, and ACS companies such as Leighton Asia. The transaction is subject to customary regulatory approvals. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hochtief AG published the original content used to generate this news brief on December 01, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
