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Abertis Infraestructuras SA Plans To Buy Back Its Own Shares Held By ACS Actividades de Construccion y Servicios SA To Offer 10% Of Its Stock To Obrascon Huarte Lain SA-Reuters
Reuters reported that Abertis Infraestructuras SA (Abertis) announced that it is open to buy back its own shares currently held by ACS Actividades de Construccion y Servicios SA (ACS) as a part of deal to offer 10% of its stock to Obrascon Huarte Lain SA. ACS cannot sell the shares on the open market because of a lock-up agreement with another Abertis shareholder. Financial details were not disclosed.
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