ACS’ Order Book In Brazil Stands At €3 Billion


ACS’ subsidiary Cobra has won a contract worth 126 million euros to build various electricity transmission lines in Brazil, boosting its portfolio of these projects in that country to 3 billion euros.

It was awarded lot 32 in the macro-auction of high-tension electricity lines held by Aneel, the energy sector regulator in Brazil. The contract is to build and operate a 310 kilometre-long line over 30 years in the State of Rondonia.

This new contract ratifies ACS’ bet on Brazil, where it has established alliances with large infrastructure funds which guarantee the continuity of its construction business. It also assures asset rotation as the concessions start up operations.

For Link Securities ACS is one of their main bets in the construction and infrastructure.  “The stock is also very attractive at the moment from a technical analysis viewpoint,” they add.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.