ACS : Reinvestment in motorways and concessions gains momentum
>Increasing the stake in Hochtief to 68% with limited impact on valuation - ACS announced yesterday the acquisition, from Atlantia, of a 14.46% stake in Hochtief which will increase its direct stake to 68.01%, or 70.29% if adjusted by Hochtief’s treasury stock. The transaction amounts to € 577.8m, as it was agreed at € 51.43 per share. This is obviously a further step in reducing minorities and simplifying the structure of the group. However, mainly given the magnitud...ACS Actividades de Construccion y Servicios is a holding company. Through its subsidiaries, Co.'s activities are divided into the following areas: Construction, engaged in the construction of civil works, and residential and non-residential building construction; industrial services, engaged in the development of applied engineering services, installations and the maintenance of industrial infrastructures in the energy, communications and control systems sectors; services, groups together environmental services, the outsourcing of building maintenance services, logistics and transport services; and concessions, mainly engaged in transport infrastructure concessions.
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