ACS’s Perez Seeks Investors in China, Confidencial Reports

Actividades de Construccion y Servicios SA’s chief executive officer, Florentino Perez, traveled to China recently in search of Chinese investors to participate in business ventures, El Confidencial reported, citing unidentified people in banking.

ACS is looking for investors to collaborate in its quest for control of Iberdrola SA (IBE) and to provide capital that will enable the company to bid for Spanish airport concessions, the newspaper said.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net.

To contact the editors responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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