Financial holding group Alba sells 1.3 percent of Spanish builder ACS

MADRID Mon Mar 31, 2014 3:46pm EDT

The logo of Spanish construction, energy and services group ACS is seen during the company's annual shareholders meeting in Madrid May 26, 2008. REUTERS/Sergio Perez

The logo of Spanish construction, energy and services group ACS is seen during the company's annual shareholders meeting in Madrid May 26, 2008.

Credit: Reuters/Sergio Perez

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MADRID (Reuters) - Spanish financial holding group Corporacion Financiera Alba (ALB.MC) said on Monday it had sold a 1.3 percent stake in builder ACS (ACS.MC), making a capital gain of 46.2 million euros ($64 million).

Alba, which belongs to the Spanish investment group March, said it had sold 4.1 million shares, for a total of 117.1 million euros, cutting its stake in ACS to just under 15 percent.

At 28.515 euros, the shares were sold for the same price as ACS' close.

($1 = 0.7256 Euros)

(Reporting By Jesus Aguado, writing by Sarah Morris, editing by David Evans)

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