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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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5 Aug 2020
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Latest Key Developments (Source: Significant Developments)

ACS Issues 5-Year 750 Mln Euro Bond
Tuesday, 9 Jun 2020 

June 9 (Reuters) - ACS Actividades de Construccion y Servicios SA ::SAID ON MONDAY IT HAD ISSUED 5-YEAR 750 MILLION EURO BOND WITH AN ANNUAL COUPON OF 1.375% IN THE EUROMARKET.DEMAND WAS MORE THAN TWICE THE AMOUNT OF THE ISSUE .  Full Article

ACS Increases Buyback Program To Up To 6.99% Of Share Capital, Worth Up To 660 Mln Euros
Monday, 25 May 2020 

May 25 (Reuters) - ACS Actividades de Construccion y Servicios SA ::INCREASES MAXIMUM NUMBER OF SHARES TO BUY UNDER BUYBACK PROGRAM TO 22 MILLION SHARES, REPRESENTING 6.99% SHARE CAPITAL .MAXIMUM INVESTMENT INCREASES TO 660 MILLION EUROS, BUYBACK PROGRAM TO REMAIN IN EFFECT UNTIL MARCH 31, 2020.  Full Article

Hochtief Wins Order Worth EUR 500 Mln
Monday, 18 May 2020 

May 18 (Reuters) - HOCHTIEF AG ::WINS ORDER WORTH EUR 500 MILLION.HAS BEEN AWARDED CONTRACT FOR REPLACEMENT OF A40 RHINE BRIDGE IN DUISBURG-NEUENKAMP.CONSTRUCTION WORK IS SCHEDULED TO BEGIN AT THE BEGINNING OF JUNE AND, ACCORDING TO CURRENT PLANNING, IS EXPECTED TO BE COMPLETED IN 2026.  Full Article

Hochtief Joint Venture Wins EUR 1.2 Bln Contract For Dutch Motorway Project
Tuesday, 28 Jan 2020 

Jan 28 (Reuters) - HOCHTIEF AG ::HOCHTIEF JOINT VENTURE WINS EUR 1.2 BILLION CONTRACT FOR DUTCH A12/A15 MOTORWAY PROJECT (VIA15).WORK IS SCHEDULED TO START BY END OF 2020.THE NEW SECTION OF THE A15 AND THE EXTRA LANES ON THE A12/A15 WILL OPEN BY THE END OF 2024.CONTRACT ALSO INCLUDES FINANCE AS WELL AS OPERATION AND MAINTENANCE OF MOTORWAY UNTIL 2044.  Full Article

ACS Says Strategic Review In Cimic Will Produce Negative Impact On ACS Accounts Of 400 Mln Euros
Thursday, 23 Jan 2020 

Jan 23 (Reuters) - ACS Actividades de Construccion y Servicios SA ::SAYS STRATEGIC REVIEW IN CIMIC WILL PRODUCE NEGATIVE IMPACT ON ACS ACCOUNTS OF 400 MILLION EUROS.SAYS WILL COMPENSATE IMPACT OF CIMIC WITH OPERATIONAL IMPROVEMENTS AND CAPITAL GAINS, REACHING NET PROFIT OF OVER 950 MILLION EUROS IN 2019, IN LINE WITH EXPECTATIONS.SAYS WILL MAINTAIN THE RETRIBUTION TO THE SHAREHOLDER OF 65% OF THE NET PROFIT AND KEEP POSITIVE OUTLOOK FOR 2020.  Full Article

ACS Reaches Agreement With Galp To Sell 2.9 GW Of Photovoltaic Projects In Spain
Wednesday, 22 Jan 2020 

Jan 22 (Reuters) - ACS Actividades de Construccion y Servicios SA ::SAYS REACHES AGREEMENT WITH GALP FOR THE SALE OF PHOTOVOLTAIC PROJECTS IN SPAIN.SAYS TOTAL ENTERPRISE VALUE THAT IS EXPECTED TO BE REACHED IS AROUND 2.20 BILLION EUROS.SAYS DEAL TO GENERATE TOTAL NET BENEFITS OF ABOUT 330 MILLION EUROS.SAYS PHOTOVOLTAIC PROJECTS INCLUDED IN DEAL COMPRISE A TOTAL GENERATION CAPACITY OF ABOUT 2.9 GW.  Full Article

ACS Says Received Non-Binding Offers For Its Unit Zero-E
Friday, 18 Oct 2019 

Oct 18 (Reuters) - ACS Actividades de Construccion y Servicios SA ::RECEIVES NON BINDING OFFERS FOR ITS UNIT ZERO-E.  Full Article

ACS Wins Three Highway Reconstruction Deals In Texas Worth 181 Mln Euros
Thursday, 10 Oct 2019 

Oct 10 (Reuters) - ACS Actividades de Construccion y Servicios SA ::SAYS WON CONTRACT IN TEXAS WORTH 181 MILLION EUROS.SAYS HAS BEEN AWARDED 3 HIGHWAY RECONSTRUCTION DEALS BY TEXAS DEPARTMENT OF TRANSPORTATION VIA PULICE CONSTRUCTION AFFILIATE OF COMPANY OF DRAGADOS USA.  Full Article

Hochtief Places Corporate Bond For EUR 750 Million
Tuesday, 3 Sep 2019 

Sept 3 (Reuters) - Hochtief AG ::HOCHTIEF PLACES CORPORATE BOND FOR EUR 750 MILLION.FIRST TRANCHE AMOUNTING TO EUR 500 MILLION HAS AN 8-YEAR MATURITY AND A COUPON OF 0.5% P.A., PROVIDING A YIELD OF 0.596% TO INVESTORS AT THE TIME OF ISSUANCE.SECOND TRANCHE AMOUNTING TO EUR 250 MILLION HAS A 12-YEAR MATURITY AND A COUPON OF 1.25% P.A., PROVIDING A YIELD OF 1.287% TO INVESTORS AT THE TIME OF ISSUANCE.WITH THIS BOND ISSUANCE AT FAVORABLE TERMS, HOCHTIEF WAS ABLE TO ACHIEVE A SUBSTANTIAL EXTENSION OF ITS LONG-TERM DEBT MATURITY PROFILE.S&P HAS AWARDED THE BOND WITH A SOLID BBB INVESTMENT-GRADE RATING.ISSUANCE PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES AND THE REFINANCING OF THE EUR 750 MILLION BOND DUE IN MARCH 2020..  Full Article

Hochtief Secures Contract For R2 Highway In Slovakia
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - HOCHTIEF AG ::SECURES CONTRACT FOR THE R2 HIGHWAY IN SLOVAKIA.JOINT VENTURE CONTRACT VOLUME APPROXIMATELY EUR 130 MILLION.HIGHWAY SECTION IS PLANNED TO BE OPENED IN 2021.  Full Article

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Portugal's oil company Galp targets growth in renewable power

LISBON Portuguese oil company Galp Energia said on Tuesday it would kick off its green business by installing renewable energy capacity of 10 gigawatts in the decade ahead, enough to power millions of homes.