Criteria Caixa, S.A. acquired 9.36% stake in ACS, Actividades de Construcción y Servicios, S.A. for approximately ?980 million.
May 24, 2024
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Criteria Caixa, S.A. acquired 9.36% stake in ACS, Actividades de Construcción y Servicios, S.A. (BME:ACS) for approximately ?980 million on May 24, 2024. As a part of the acquisition, CriteriaCaixa will become the second largest shareholder of ACS and will propose to its board of directors the appointment of Isidro Fainé as proprietary director. ACS has also informed the markets supervisor that it has agreed to the early cancellation of the two forward contracts on own shares liquidable exclusively in cash due to differences, which currently affect a total of 25,431,299 treasury shares, to be purchased by CriteriaCaixa, which represents a 9.361% stake in the group chaired by Florentino Pérez.
Criteria Caixa, S.A. completed the acquisition of 9.36% stake in ACS, Actividades de Construcción y Servicios, S.A. (BME:ACS) on May 24, 2024.
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%).
ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A. 
