Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

ACS Agrees to Sell Seven Power Lines in Brazil at $942 Million

ACS-Actividades de Construccion & Servicios SA, a Spanish construction company, agreed to sell seven power transmission lines in Brazil as it continues its asset disposal strategy to reduce debt.

ACS, through its units Area Industrial, Cobra, Cymi and CME, signed an accord to sell seven power lines in Brazil at an enterprise value equivalent to 751.7 million euros ($942.2 million), the Madrid-based builder said in a statement today.

ACS said 423.4 million euros was equity and the remaining 328.3 million euros was debt. The transaction is pending regulatory approval, it added.

As Spanish building companies are hit by government spending cuts on infrastructure to reduce the budget deficit, ACS is selling assets to pay down debt. Last month, ACS sold 10 percent of Abertis Infraestructuras SA for 875.3 million euros as builder Obrascon Huarte Lain SA built a stake in the toll-highway operator.

ACS shares fell 0.9 percent to 13.82 euros. The stock has lost almost 40 percent of its value this year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.