Link Securities| Turner Construction, the US subsidiary of ACS (ACS), has officially begun construction of Etihad Park, a $780 million state-of-the-art stadium in New York, which has been fully financed by New York City FC, according to Bolsamania on Wednesday. The developer says Etihad Park is poised to become a turning point for football fans and the local community as the first professional football-specific stadium in New York City. The…

Intermoney | ACS (Buy, PO 48 €), through its subsidiary Thiess, has won a contract in Indonesia valued at 320 M€ to carry out mining operations for six years in Central Kalimantan, according to Expansión newspaper. Thiess will be responsible for all mining activities, including setting up facilities, technical services, overburden removal and water management. Work will begin in early 2025 and will be aligned with Thiess’ strategic focus on…

Link Securities | Turner, ACS’s US subsidiary, has won a $158 million (around €150.4 million) contract to build a state-of-the-art Emergency Operations Center in Costa Mesa (California, USA), Expansión reports today. As reported by Turner on Monday, the facility will strengthen emergency preparedness and response capabilities in Southern California by providing critical infrastructure for disaster and emergency management. The centre will coordinate emergency management and disaster response.

Intermoney | ACS (Buy, PO €48), through its US subsidiary Turner, is part of a consortium of contractors that will build a large data centre complex in the US state of Louisiana, which will require an investment of around €9.5 billion, according to Expansión newspaper on Thursday. Other developers involved in the project include DPR and Morterson. According to Turner, the new 122,000 square metre campus will be Meta’s largest…

Intermoney | ACS (ACS) (Buy, PO 48 ), through Turner, its main subsidiary in the United States, has won a new contract to build a data centre campus in New Albany (Ohio) commissioned by Vantage, owned by the Silver Lake fund. The €1.85 billion project will involve the construction of three new buildings with a combined capacity of 192 megawatts (MW). It is the technology giant’s first asset in the…

Norbolsa | The US Army Corps of Engineers has awarded ACS (ACS) a €610 million contract to rebuild the Howard A. Hanson Dam in Washington state, improving habitat and increasing water storage. This project is in addition to other ACS contracts with the US Army, such as the €2.7 billion renovation of Dry Dock 3 in Pearl Harbor, Hawaii.

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…