Alphavalue / Divacons | Hochtief, the German subsidiary of ACS, has been awarded a €900 million contract in Sweden to design and extend a 26-kilometre section of the East Link railway line near Stockholm. The project, carried out in collaboration with Swedish administrator Trafikverket, is scheduled for completion in 2024, strengthening the group’s infrastructure portfolio in the Scandinavian market. The OL31 Vagnhärad project, located southwest of Stockholm, is part of…

Renta 4 | ACS (ACS) is expected to publish its 2025 results on 25 February, with the time of the conference call still to be confirmed. We reiterate our Hold rating and target price of €74.60 per share. Although we expect sales to continue to be supported by growth in segments such as data centres and different types of infrastructure, we anticipate a slight slowdown compared to 9M25 (24% versus…

Link Securities | The public entity promoting the construction of a rail tunnel between New York and New Jersey (Gateway Development Commission or GDC) has halted the project after the Trump administration blocked federal funds earmarked for the work, the newspaper Expansión reports today. One of the many contracts included in this project is currently being executed by two ACS subsidiaries (Schiavone and Dragados). Specifically, it involves the construction of…

Link Securities | Cimic, the Australian subsidiary of ACS (ACS), has closed the sale of 50% of UGL Transport to the Japanese group Sojitz Corporation, in a transaction that will allow the company to obtain cash proceeds of approximately AU$500 million (approximately €287 million), according to the Bolsamanía website. The transaction values UGL Transport at approximately AU$800 million (100%), and Cimic will receive cash proceeds of approximately AU$500 million. UGL…

Link Securities | ACS (ACS) and Global Infrastructure Partners (GIP), a member of BlackRock, have completed the establishment of a 50/50 joint venture between ACS and the aforementioned fund, aimed at the promotion, construction, development, operation and marketing of an initial capacity of 1.7 GW in Data Centres, once the corresponding regulatory authorisations were obtained in December. GIP is thus joining forces with ACS to launch a global data centre…

Norbolsa | ACS will expand its presence in the airport sector by participating, alongside Australia’s BMD, in the construction of a new runway at Perth Airport (Australia), a five billion Australian dollar (€2.8 billion) project aimed at increasing the infrastructure’s capacity to 30 million passengers by 2046. The investment, which was approved last year, includes the new parallel runway, new terminals, two multi-storey car parks with associated road works, the…

Intermoney | The construction company (Buy, PO €69) has agreed to sell 50% of its subsidiary UGL to Japanese company Sojitz for around €282 million. UGL, which focuses on the operation and maintenance of transport equipment such as locomotives and wagons, belongs to Cimic, which in turn is controlled by the Group through Hochtief, and its main market is Australia. ACS will retain the remaining 50% of the capital and…