Abertis Infraestructuras, S.A. acquired a 56.8% stake in SH-288 highway in Houston from ACS, Actividades de Construcción y Servicios, S.A. (BME : ACS) .
December 27, 2023
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Abertis Infraestructuras, S.A. agreed to acquire a 56.8% stake in SH-288 highway in Houston from ACS, Actividades de Construcción y Servicios, S.A. (BME : ACS) on July 27, 2023. The terms of the deal were undisclosed, however the market estimates that 100% of the assets exceed ?2,000 million. Bank of America acted as financial advisor for Abertis Infraestructuras, S.A.
Abertis Infraestructuras, S.A. completed the acquisition of 56.8% stake in SH-288 highway in Houston from ACS, Actividades de Construcción y Servicios, S.A. (BME : ACS) on December 28, 2023.
ACS, Actividades de Construcción y Servicios, S.A. is one of Spain's leading construction groups. Net sales break down by activity as follows:
- construction of infrastructures and buildings (93.3%): civil engineering infrastructures (primarily highways, hydraulic constructions and railroads), non-residential and residential buildings;
- services (5.4%): cleaning, waste collection and treatment. Moreover, the group offers maintenance services of urban and industrial infrastructures, port and logistical services, and also social services and personal assistance services.
- industrial services (0.5%): development, construction, installation and maintenance of distribution networks of electricity, gas and water, industrial production systems, telecommunication networks, road traffic control systems, etc.;
- other (0.8%).
Net sales are distributed geographically as follows: Spain (9.4%), the United States (56.3%), Australia (20.2%), Canada (5.3%), Germany (2.4%) and others (6.4%).
Abertis Infraestructuras, S.A. acquired a 56.8% stake in SH-288 highway in Houston from ACS, Actividades de Construcción y Servicios, S.A. (BME : ACS) .
ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A. 
