ACS

Spanish economy 26th May 2022

ACS, Ferrovial both chosen to present final bids for the Inglewood Transit Connector, worth €1.3 Bn

Link Securities | The consortia led by Spanish infrastructure and services groups ACS and Ferrovial have been selected, along with a third alliance, by the authorities of the city of Ingelwood, in Los Angeles, to present their final bids for a the Inglewood Transit Connector contract. This contract is for the design, construction, financing, operating and maintenance of the automated transit connector, according to yesterday’s elEconomista.es. The project consists of…

Spanish economy 24th May 2022

ACS, Atlantia may have agreed to inject €10 BN capital into Abertis

Renta 4 | ACS may have reached an agreement with its partner Atlantia to inject capital into Abertis with the aim of making infraestructure acquisitions. According to press reports, the owners of Abertis, ACS (30% direct stake, 20% – 1 share via Hochtief) and Atlantia (50% + 1 share) could have agreed to inject capital in the concessionary in order to make new infrastructure acquisitions. In addition, to extend some…

Spanish economy 20th May 2022

Big Spanish constructors team up to bid for Madrid’s City of Justice; a €500 Mn investment

Link Securities | The big Spanish infrastructure groups are forming alliances to make a bid for the only major public works concession planned for this year in Spain, according to Expansion. The Madrid Government is finalising the tender process for the City of Justice, involving an investment of 500 million euros. So ACS and Acciona have decided to join forces for the project, while Sacyr has teamed up with Ferrovial….

Spanish economy 17th May 2022

ACS Together With Navantia Will Bid For A Contract With The Australian Armed Forces Worth Nearly 533 M€

ACS, along with felllow Spanish construction company Navantia, will bid for one of the biggest orders from the Australian Armed Forces, namely the programme for embarcations of amphibious landing Land 8710 Phase 1. The amount of the contract could total 533 million euros and would extend until 2032. ACS will be represented by its affiliate UGL, Cimic’s industrial engineering division. For its part, Navantia has been present in the Australian…

Spanish economy 9th May 2022

ACS wants all its Abertis’ shares in one place

Intermoney | ACS (ACS) (Buy, Target Price 40 euros) held its AGM last Friday. Chairman Florentino Pérez confirmed that the focus of the group’s future investments will be renewable energies via its joint venture with Vincí, and concessions, using both Iridium and Abertis. Perhaps the main novelty was ACS’ intention to bring together in one holding all its shares in Abertis. These are currently divided into 30% within the Group,…

European economy 11th April 2022

Italy Has Reinforced Power Until End-Year To Veto ACS And Its Partners In Atlantia.

The management of the Italian airports of Fiumicino and Ciampino, and the control of the toll payment system Telepass, make Atlantia a strategic company for Italy, as the Spanish newspaper 5 Días recalls today. And Mario Draghi’s government, according to various stock market analysts, will not hesitate to use all its influence to prevent the infrastructure operator from ending up in foreign hands. This is one of the barriers threatening…

Spanish economy 7th April 2022

ACS Studies A Takeover Bid For Atlantia

ACS is considering launching an offer to acquire the Italian concessionaire Atlantia, the Spanish company’s partner in Abertis, according to Bloomberg on Wednesday and confirmed late in the afternoon by the Spanish construction company. The group headed by Florentino Pérez has already hired advisors to analyse this operation in which it is considering taking over the Italian company’s motorways jointly with GIP and Brookfield. Atlantia’s capitalisation is close to 15.690…

Spanish economy 24th February 2022

Hochtief (ACS) Launches A Takeover Bid At A$22 Per Share To Delist Cimic From The Stock Market

ACS has decided to make a move to undertake a corporate operation. Thus, the company chaired by Florentino Pérez has decided, through the German construction company Hochtief, to launch a bid for its Australian subsidiary Cimic and is offering its shareholders 22 Australian dollars per share (14 euros) in cash for the 21.4% of the capital it does not own, which would mean a total outlay of around 940 million…

Spanish economy 3rd January 2022

ACS Clocks Up Capital Gain Of 2.9 Billion Euros With Industrial Division Sale

Link Securities | ACS and the Vinci Group have signed, with effect from 31 December, the public deed of sale of most of ACS’s Industrial Division agreed on 31 March. Pending is the carve-out in favour of ACS of certain predetermined assets, which will be executed mainly in January and in the following months. ACS received some 4.902 billion euros as consideration. With this price, ACS has obtained a net…

ACS, Atlantia eye remaining stake in Abertis

Spanish economy 10th December 2021

Possible Talks Between ACS And Atlantia Regarding The Purchase Of The Shares In Abertis They Still Do Not Own

Banco Sabadell | According to the press, ACS would be in talks with Atlantia over the possible acquisition of the stake they still do not own in Abertis. (Atlantia is ACS’ partner with a majority stake in Abertis; ACS has 40% net of minorities). In addition, the press reports mention that ACS chairman Florentino Pérez could leave his post in March 2022. Valuation: This news is of limited impact to the…

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