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…

Renta 4 | Sales figures, which exceeded our forecast, show significant growth in all areas, led by Turner and Infrastructure. EBITDA, also better than our expectations, shows higher growth than sales, thereby significantly improving margins. This improvement is reflected in ordinary net profit which, excluding the currency effect, accelerates growth to 23.8%. This strong improvement has led the company to raise its guidance for the end of the year, expecting…

Link Securities | ACS (ACS), through its subsidiary Turner, has joined one of the largest digital infrastructure projects in the United States, according to Expansión newspaper. This is the data centre complex promoted by Oracle (ORA-US), OpenAI and Vantage in Port Washington, Wisconsin (United States), with an investment budget of $15 billion (around €13 billion) spread over several phases. The US hyperscalers have commissioned a group of contractors to develop…

Link Securities | The Australian Government has commissioned ACS (ACS) to carry out modernisation works at the Townsville military base in the State of Queensland (Australia), according to Expansión newspaper. ACS, through its subsidiary CPB Contractors, is responsible for the design and construction of the new infrastructure to house the Royal Australian Air Force’s (RAAF) new fleet of Apache helicopters, within facilities covering an area of 900 hectares in the…

Link Securities | ACS (ACS) is moving forward with the sale of its train business in Australia, which it operates through UGL, a subsidiary of Cimic, according to the newspaper Expansión. The Spanish company, which has hired the services of Macquarie to carry out the divestment, has already received non-binding offers for a business that generates revenues of around A$1.9 billion (around €1.067 billion) per year, with a pending portfolio…