ACS considers possible sale of its stake in Union Fenosa
Spanish construction firm ACS said it had been holding conversations with different operators in the energy sector for the purpose of restructuring the map of Spain on which the ACS Group has a relevant position through its ownership interests in the companies Unión Fenosa, S.A. and Iberdrola, S.A., companies of which it is the reference shareholder.
Within the framework of these conversations, one of the possible transactions which has been considered by the ACS Group is the sale of its ownership interest in Unión Fenosa, S.A. in order to focus its efforts on consolidating its ownership interest in Iberdrola, S.A.. However, as of the current date, no agreement of any kind has been reached in this regard.
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