ACS, Actividades de Construcción y Servicios, S.A announces an Increase in Equity Buyback.
August 14, 2020
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On August 14, 2020, the company announced an decrease in its equity buyback plan. The company increased its authority by 21,715,000 shares for €651.54 million bringing its total authorization to 43,715,000 shares for €1,311 million. The company also extended the plan duration till July 31, 2022.
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%).