ACS: ATLANTIA COULD STUDY THE DIVESTITURE OF ITS 16% STAKE IN HOCHTIEF (ANÁLISIS BANCO SABADELL)
According to the press, Atlantia (ACS’s partner in Abertis with 50% + 1 share) would be conducting a strategic revision of its businesses where its 16% stake in Hochtief (50.4% ACS) would be regarded as non-core, and thus, it could be sold. The same sources outlined that Atlantia would be in no rush to sell this stake and that the strategic revision being carried out would be completed at the end of 2021.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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