The name change follows the acquisition of Leighton by Spanish construction group ACS a year ago, and the subsequent restructure of the company.

"The board considers that the change of name is appropriate to support the transformation to the new operating model," the company said in its notice for the shareholder meeting. "The new name intends to provide a better representation of what we are and do."

Leighton also plans to change its ticker symbol on the Australian Securities Exchange to "CIM" from "LEI".

The name change will require the approval of at least 75 per cent of votes cast by eligible shareholders. ACS currently controls 70 per cent of Leighton via its ownership of Leighton's majority shareholder Hochtief.

Leighton's board, which is chaired by its chief executive Marcelino Fernández Verdes, has already approved the name change.