Key Developments: ACS Actividades de Construccion y Servicios SA (ACS.MC)
21.40EUR
11:35am EDT
€-0.41 (-1.86%)
€21.81
€21.20
€21.48
€21.05
676,579
795,511
€22.69
€10.38
Latest Key Developments (Source: Significant Developments)
ACS Actividades de Construccion y Servicios SA To Propose Complementary FY 2011 and FY 2012 Interim Dividend Payments; Announces Capital Increase-Reuters
Reuters reported that ACS Actividades de Construccion y Servicios SA announced that, during its upcoming shareholders meeting, it will propose the distribution of a complementary dividend payment for fiscal year 2011 at a total value of EUR 1.15 per share, effective in July 2012. The Company also announced that it will propose the distribution of an interim dividend payment for fiscal year 2012 at a value of EUR 0.9 per share, effective within the first quarter of 2013. Additionally, it will propose to increase the Company’s share capital in an amount of EUR 646 million, through the issuance of new shares, representing a 6.5% of its total shares outstanding, which will be allocated to the Company’s shareholders as an additional dividend payment. Other details were not disclosed. Full Article
ACS Actividades de Construcion y Servicios SA Sells Stake In CLECE SA
ACS Actividades de Construcion y Servicios SA announced that it has sold a 23.5% stake in CLECE SA to a group of funds of Mercapital for a price of EUR 80 million. Full Article
Novovilla SL And Iridium Concesiones de Infraestructuras SA, Belonging To ACS Actividades de Construcion y Servicios SA, Sell 100% Of Their Stake In Taurus Holdings Chile SA To Brookfield
ACS Actividades de Construcion y Servicios SA announced that Novovilla SL and Iridium Concesiones de Infraestructuras SA, belonging to the Company's group, have sold a 100% of their shares in Taurus Holdings Chile SA to Brookfield Americas Infrastructure Holdings Inversiones Chile I Limitada. The price of the operation amounts to EUR 216,012,555.67. Full Article
ACS Activ. de Construc. y Servicios SA Announces FY 2011 Dividend Payment
ACS Activ. de Construc. y Servicios SA announced that it will distribute a dividend for fiscal year 2011 at a value of EUR 0.90, which will be paid on February 7, 2012. Full Article
ACS Actividades de Construccion y Servicios SA, Indra Sistemas SA and Obrascon Huarte Lain SA In Consortium With Other Companies Win Contract In Meca-Reuters
Reuters reported that Spanish-Saudi Al-Shoula consortium, which if formed by ACS Actividades de Construccion y Servicios SA, Indra Sistemas SA, Obrascon Huarte Lain SA, Renfe, Adif, Ineco, Al Shoula and Al Rosan, has been awarded a contract for the second phase of the Haramain high speed rail way amounting to EUR 6,736, 000,000. This project phase includes the construction of roads, installation of signaling and telecommunications systems, electrification, the operational control center, the purchase of 35 trains and the management and maintenance for twelve years. The project will link the Islamic pilgrimage cities of Mecca and Medina to Jeddah, Red Sea city. Full Article
ACS Actividades de Construccion y Servicios SA Sells 50% of Its Stake in Florida-based Concessionaire To Teachers Insurance and Annuity Association of America
ACS Actividades de Construccion y Servicios SA announced that it has reached an agreement with Teachers Insurance and Annuity Association of America to sell 50% of its stake in the concessionaire company that is engaged in the exploitation of the I-595 Highway in Broward County, Florida, United States. The amount of the transaction reaches the total value of USD 588.36 million. Full Article
ACS Actividades de Construccion y Servicios SA Sells Chile Assets To Consortium Led By Brookfield Asset Management
ACS Actividades de Construccion y Servicios SA announced that it has signed a EUR 216 million (USD 292 million) contract to sell its stakes in Chilean motorway concessions (Vespucio Norte and Tunel de San Cristobal) to a consortium led by Brookfield Asset Management. The Chilean deal is subject to necessary approvals. Full Article
ACS Activividades de Construcion y Servicios SA May Sell Car Parks And Motorways To Cut Debt-Reuters
Reuters reported that ACS Activividades de Construcion y Servicios SA is studying the sale of car park and motorway assets in order to reduce debt. Full Article
ACS Actividades de Construcion y Servicios SA Eyes Higher Stake In Hochtief AG-Reuters
Reuters reported that ACS Actividades de Construcion y Servicios SA (ACS) plans to increase its stake in Hochtief AG further. ACS has announced it wants to buy more shares in the coming months in order to take its own stake above 50%. ACS, which commenced its bid for control of Hochtief AG in September 2010, currently controls around 50.16% of the shares in Hochtief AG. This includes a 4.46% holding owned by Hochtief AG itself. Full Article
ACS Actividades de Construccion y Servicios SA Sells 11 Wind Parks to Funds Operated by Bridgepoint
ACS Actividades de Construccion y Servicios SA announced that it has reached an agreement to sell 11 wind parks located in Castile and Leon, with a total gross installed capacity of 442.5 megawatts (MW), to a number of funds operated by Bridgepoint. The transaction value represents EUR 636.3 million. Other details were not disclosed. Full Article
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