Leighton Holdings Ltd
(ASX:LEI) is facing calls to revalue some of its major investments before the year end.
The Australian says that some of the assets which are being considered are the $4 billion Airport Link project in Queensland and its $1.2 billion joint venture in the Middle East.
The pressure to revise the value of these assets comes amid a takeover battle for Leighton’s parent Hochtief from Spanish construction company ACS.
Last week Hochtief said ACS’s sweetened all-share offer was inadequate and directed shareholders to reject the bid.
Leighton posted a net profit of $615 million for the year ended 30 June 2010.
