Tranche Update on ACS, Actividades de Construcción y Servicios, S.A.'s Equity Buyback Plan announced on February 24, 2020.
October 28, 2020
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From July 1, 2020 to September 30, 2020, the company has repurchased 12,587,955 shares, representing 4.35% for €270 million. With this, the company has completed the repurchase of 28,323,746 shares, representing 9.55% for €651 million under the buyback announced on February 24, 2020.
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%).