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ACS Actividades de Construccion y Servicios SA (ACS.MC)

ACS.MC on Madrid SE C.A.T.S.

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Latest Key Developments (Source: Significant Developments)

Hochtief CEO says won't turn his back on the group
Wednesday, 10 May 2017 04:38am EDT 

May 10 (Reuters) - Hochtief CEO at annual general meeting:Says will continue his work as hochtief ceo even after joining ACS <<>> management.Says sees great opportunities for growth in U.S. administration's planned infrastructure programme.  Full Article

Hochtief affirms guidance as Q1 underlying profit jumps 30 pct
Wednesday, 10 May 2017 01:05am EDT 

May 10 (Reuters) - Hochtief :Q1 operational net profit up 30 percent at 93.3 million eur.Confirms group guidance for 2017 operational net profit of 410-450 million euros, sales growth of more than 10 pctc.CEO says strong balance sheet provides the group with flexibility for further capital allocation opportunities.Says S&P assigns BBB rating with stable outlook.Q1 sales up 16.6 percent at 5.15 billion eur.Q1 new orders up 17.6 percent at 7.45 billion eur, order backlog up 23.2 percent at 44.97 billion eur.  Full Article

ACS to build water treatment plant in Panama
Wednesday, 26 Apr 2017 12:11pm EDT 

April 26 (Reuters) - ACS Actividades de Construccion y Servicios SA ::Wins deal in consortium to build water treatment plant in Panama for 220 million euros ($239 million).  Full Article

Iberostar sells 5.61 pct of ACS for 31.42 euros/shr
Tuesday, 4 Apr 2017 02:16am EDT 

Jefferies International Limited:Closes placement of 5.61 percent of ACS Actividades de Construccion y Servicios SA on behalf of Iberostar Hoteles y Apartamentos SL at 31.42 euros ($33.49) per share, 554.4 million euros in total.  Full Article

Iberostar Hoteles y Apartamentos to sell 5.61 pct of ACS
Monday, 3 Apr 2017 12:55pm EDT 

Jefferies International Limited :Says places 5.61 percent of ACS Actividades de Construccion y Servicios SA , held by Iberostar Hoteles y Apartamentos, in accelerated bookbuilt offer.  Full Article

ACS proposes scrip issue of up to 382 mln euros
Friday, 31 Mar 2017 02:04am EDT 

ACS Actividades de Construccion y Servicios SA : Announced on Thurday a proposal to carry out share capital increase of up to 382 million euros ($407.7 million) with a charge to voluntary reserves; shares to be assigned to the company's shareholders .Sees to run capital increase in two instalments of up to 240 million euros and up to 142 million euros.  Full Article

ACS EBITDA down 5.5 percent in FY 2016
Tuesday, 28 Feb 2017 12:23pm EST 

Actividades de Construccion y Servicios (ACS) : Portfolio at end-Dec. 66.5 billion euros ($70.5 billion), up 12.9 percent versus year ago . FY net profit 751.0 million euros versus 725.3 million euros year ago . FY net sales 31.98 billion euros versus 33.29 billion euros year ago . FY EBITDA 2.02 billion euros versus 2.14 billion euros year ago .Net debt down 53.7 percent at 1.21 billion euros versus year ago.  Full Article

Hochtief eyes opportunities in North America - CEO
Tuesday, 28 Feb 2017 04:25am EST 

Hochtief CEO at news conference : Says, when asked about whether ACS aims for a domination agreement at hochtief, that question should be directed at ACS . Says wants to benefit from new opportunities in North America . Says doesn't yet know whether Trump will really build the wall, but are open to all contracts in the U.S. Further company coverage: [HOTG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Spain's ACS signs renovation of a 2.35 billion euros credit
Tuesday, 20 Dec 2016 02:44pm EST 

Spain's ACS : Says signs renovation of a 2.35 billion euros ($2.44 billion) credit line with a group of 46 foreign and Spanish banks and maturity in December of 2021 . Says financing contract has two tranches, a so-called 'A tranche' of 1.4 billion euros and a so-called 'B liquidity tranche' of 950 million euros. Further company coverage: [ACS.MC] ($1 = 0.9626 euros) (Reporting By Madrid Newsroom) ((jesus.aguado@thomsonreuters.com;)).  Full Article

ACS sees capital gain of between 325 and 560 mln euros from Urbaser sale
Wednesday, 7 Dec 2016 12:31pm EST 

ACS Actividades de Construccion y Servicios SA : Sees capital gain of between 325 million euros ($349.4 million) and 560 million euros from the sale of Urbaser [nFWN1E20VK] Further company coverage: [ACS.MC] ($1 = 0.9302 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article


Hochtief CEO says felt no political pressure to launch Abertis bid

DUESSELDORF German builder Hochtief's 17.1 billion-euro (£15.2 billion) bid for Spanish toll road operator Abertis is purely based on business considerations, Chief Executive Marcelino Fernandez Verdes said.