Leighton Holdings Limited 02R – Panel Receives Review Applications

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The Panel has received an application dated 9 November 2010 from Hochtief Aktiengesellschaft seeking a review of the Panel's decision in Leighton Holdings Limited 02 (TP10/65)1

A review Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings.  The Panel makes no comment on the merits of the review application.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne, VIC 3000
Ph: +61 3 9655 3597

1The application does not seek a review of the Panel's decisions in Leighton Holdings 01 or Leighton Holdings 03. A review Panel can review the decision of an initial Panel under s657A concerning a declaration of unacceptable circumstances or interim or final orders: s657EA. The review is based on the facts at the time of the review, and is not limited to the facts found by the initial Panel. A review Panel has the same powers to make a declaration or orders as the initial Panel and may vary, set aside or substitute decisions. It may also affirm the decision.