Report
Alfredo del Cerro
EUR 50.00 For Business Accounts Only

ACS: HOCHTIEF LANZA UNA OPA POR EL PORCENTAJE DE CIMIC QUE NO CONTROLA (ANÁLISIS BANCO SABADELL)

Hochtief (50,4% ACS; 66% EBITDA de ACS; 33% P.O. de ACS) acaba de anunciar su intención de lanzar una OPA de exclusión por el ~21% del capital que no posee de su filial australiana CIMIC (~54% del EBITDA’21e de Hochtief y ~36% del EBITDA’21e de ACS). El precio anunciado es de 22 dólares australianos/acc. en efectivo, que implica una prima del +33% vs el precio de cierre y +18% vs la media de los últimos 6 meses. El importe máximo en caso de aceptación hasta el 100% del capital sería de 940 M euros (17% del EV de Hochtief y 9% del EV de ACS).
Underlying
Actividades de Construccion y Servicios SA

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.

Provider
Sabadell
Sabadell

Analysts
Alfredo del Cerro

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