Hochtief is to work together with Russian shareholder Oleg Deripaska on infrastructure projects in the Russian Black Sea city of Sochi, which hosts the 2014 Winter Olympics bid. Hochtief is in 'intensive talks' with Deripaska's company Basic Element in particular about the operation of airports in the region, Hochtief ceo Herbert Lutkestratkoetter said in a statement on Tuesday. Deripaska currently owns a 10% stake in Hochtief.
Hochtief is to work together with Russian shareholder Oleg Deripaska on infrastructure projects in the Russian Black Sea city of Sochi, which hosts the 2014 Winter Olympics bid. Hochtief is in 'intensive talks' with Deripaska's company Basic Element in particular about the operation of airports in the region, Hochtief ceo Herbert Lutkestratkoetter said in a statement on Tuesday. Deripaska currently owns a 10% stake in Hochtief.
