Hochtief's Unconditional Offer For CIMIC
Hochtief has announced its intention to make an unconditional and final offmarket Offer for CIMIC at $22.00/share. This looks done and will...
308 Views
Atlantia - CDP - ACS: Moving Parts in the Acquisition of ASPI
From my SOTP valuation, on conservative assumptions, there is a 15% upside to ACS, with the optionality of a deal to acquire ASPI as part of a...
293 Views
ACS: Unlocking Value Via Disposals
I see solid upside in ACS (and higher dividends), thus I recommend LONG ACS. My valuation is €28.5 per share (by applying a conservative 15%...
304 Views
ACS: Analysis of a CIMIC Divestment
Daily El Confidencial published on 20 May that Acs Actividades De Construccio (ACS SM) (ACS) is exploring the sale of assets as a result of...
460 Views
Abertis / Atlantia: Strategies Behind the Hochtief & ACS Counterbid
ACS has been successful in structuring a deal that uses Hochtief as a vehicle to acquire Abertis. Hochtief proposed a competing offer for Abertis...
368 Views