CVC and ACS restructure Abertis stakes

Actividades de Construcciones y Servicios (ACS) on Wednesday agreed to sell its 25.8% stake in Abertis, the Spanish infrastructure group, to private equity firm CVC. ACS and CVC plan to jointly invest in a structure that will control ACS’s 25.8% stake.

  • 13 Aug 2010

The acquisition will be financed with roughly Eu1.5bn in loans from local and international financial institutions. The structure and tenor of the financing has not yet been confirmed.

The transaction values the stake at Eu3bn of which CVC will get 15.5%, while ACS will maintain an indirect holding ...

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