Vinci: offer to buy business from Grupo ACS
(CercleFinance.com) - Vinci has presented Grupo ACS with a non-binding proposal for the acquisition of its "Industrial Services" division.
The offer is for about 5.2 billion euros, of which at least 2.8 billion euros would be paid in cash, with the remainder paid in shares and cash.
The acquisition relates to the engineering and works businesses, the shareholdings in eight concessions and PPPs mainly relating to energy projects, as well as the platform for the development of new projects in the renewable energy sector.
In 2019, these businesses represented sales of approximately 6.3 billion euros.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The offer is for about 5.2 billion euros, of which at least 2.8 billion euros would be paid in cash, with the remainder paid in shares and cash.
The acquisition relates to the engineering and works businesses, the shareholdings in eight concessions and PPPs mainly relating to energy projects, as well as the platform for the development of new projects in the renewable energy sector.
In 2019, these businesses represented sales of approximately 6.3 billion euros.
Copyright (c) 2020 CercleFinance.com. All rights reserved.