ACS May Sell Dragados to Hochtief

ACS Group, still struggling with too much debt, is considering consolidating its North American activities including the possibility that ACS would sell Dragados to Hochtief, according to a U.S. source familiar with the company’s plans. ACS is close to completing a share buy-back to raise its ownership in Hochtief from 51% to 59.9%, consolidating its control over Germany’s largest contractor.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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