ACS

ACS novisimo

Dragados (ACS), selected for design and construction of new passenger tunnels at Elephant & Castle Underground Station

Link Securities | ACS (ACS), through its subsidiary Dragados, has increased its presence in Transport for London projects, according to Expansión newspaper. Transport for London (TfL) has selected the Spanish group’s proposal for the design and construction of new passenger tunnels at Elephant & Castle Underground station. The project involves the excavation of around 135 metres of pedestrian tunnels linking the new station with the platforms and the existing bridge….


ACS nuevo

ACS confirms it will record €860m accounting loss due to State of Texas’ execution of SH-288 project

Intermoney | ACS (ACS) (Buy, Target Price €46/share) has confirmed in a conference held in New York that the Group will record an accounting loss of €860 million derived from the execution by the State of Texas, which will pay about $1,750 million, while the book enterprise value of the infrastructure was estimated at about €3,000 million, according to the newspaper Expansión. The Group, however, expects the final year-end impact…


ACS nuevo

ACS US subsidiary Turner to renovate San Francisco Airport Terminal 3 for $2,600

Intermoney | The construction company (Comprar, PO 46 €), through its North American subsidiary Turner, has been awarded the contract for the renovation of San Francisco airport, which will involve an investment of €2.35 billion, according to Expansión newspaper. The work will focus on Terminal 3, extending the surface area of this facility by 200,000 square metres, while at the same time refurbishing a further 650,000 square metres and erecting…


ACS Hochtief Alemania

ACS now controls 79.1% of German construction company Hochtief after investing €50m 1Q24

Link Securities | The company continues to consolidate its shareholding position in the German construction company Hochtief, increasing its control position thanks to the purchase of shares in the subsidiary and thus approaching the threshold of 80% of the German company’s capital. Specifically, and as reported yesterday by the newspaper Expansión, ACS already controls 79.1% of the German construction company after the latest financial investments made. In this regard, Expansión…


ACS Infraestructuras

Texas Department of Transportation buys back SH-288 toll road from Abertis and ACS

Santander | In a significant event, Abertis (BBB- e, BBB e) has announced that the Texas Department of Transportation (TxDOT) has decided to proceed with the repurchase of the SH-288 toll road in Texas, which has been owned by ACS Group and Abertis since November 2020. TxDOT will make a payment of $1.732bn, of which $520mn will be used to repay debt associated with the project, while Abertis will receive…


acciona canada

ACS and Acciona win motorway in US for almost €10 billion

Intermoney | ACS (Buy, PO 46 €) and Acciona (Buy, PO 200 €) have been awarded, together with the Meridian fund, the SR400 toll road, which will be located in the vicinity of Atlanta (United States), according to the newspaper El Confidencial. With an investment of approximately €9.8 billion, the project has a construction period of approximately 5.5 years with an operation and maintenance period of a further 50 years….


ACS novisimo

ACS selected to build Atlanta Airport Automated Transit Network Project

Link Securities | ACS (ACS), through ACS Infra (Iridium) and Flatiron-Dragados announced that it has been selected by the Atlanta Airport Community Improvement Districts (AACID) to design, build, finance, operate and maintain the Automated Transit Network (ATN) Project that will improve connections at the world’s busiest airport. No financial details of the contract have been disclosed, according to Cinco Días newspaper on Monday. This pilot project extends approximately 800 metres…


autopista sh288 acs

Texas nationalizes ACS’s highway in exchange for payment of €1,606 million

The Texas Department of Transportation has approved the acquisition from ACS of its SH-288 highway, a nationalization available in the contract between both parties that will be compensated with a maximum of €1,606 million ($1,731 million) to be paid to the Spanish construction company before October 8, 2024. The Texan administration made the decision this Tuesday, according to documentation consulted by Europa Press, so that it will grant its public…


ACS

ACS wins 3-year €137.5 million open pit mining contract in Canada

Intermoney | ACS (Buy, PO 46), through its subsidiary Thiess, itself part of Cimic, has won a mining services contract for an open pit project in Ontario (Canada) for a period of three years worth €137.5 million. The contract is with Vale, one of the world’s largest integrated mining companies, specialising in iron and nickel, headquartered in Rio de Janeiro, Brazil and employing around 125,000 people in more than 30…


ACS novisimo

ACS to refurbish hospital in Australia through subsidiary Cimic in deal worth €450M

Intermoney | ACS (ACS), through its Australian subsidiary Cimic, has been awarded a contract to refurbish a hospital in the state of New South Wales. The works will involve an investment of €450 million. The work will begin this year and will last until 2028. It will include the refurbishment of numerous departments of the hospital, as well as the construction of new facilities, including the vertical expansion of existing…