.
Leighton Holdings Ltd (ASX:LEI) is considering up to $800 million in capital raising according to The Australian.
The move has reportedly been prompted by writedowns against major projects including the Victorian desalination plant and Brisbane’s Airport Link.
The Leighton chief executive previously indicated the group would not need to raise capital. According to sources, the nation’s largest contractor could deal with the writedowns by raising gearing levels.
In the six months to 31 December 2010, Leighton Holdings generated a net profit of $218 million.
