BRIEF-ACS Says TxDOT To Proceed With Buyback Of SH-288 Toll Road In Texas

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Aug 26 (Reuters) - ACS Actividades de Construccion y Servicios SA ACS.MC:

  • SAID ON FRIDAY TEXAS TRANSPORTATION COMMISSION WOULD SUSPEND NEGOTIATION OF NEW AGREEMENT AND CONTINUE WITH EARLY TERMINATION OF CONCESSION CONTRACT FOR SH-288 TOLL ROAD DATED MARCH 28, CURRENTLY OWNED BY ACS GROUP AND ABERTIS

  • PROJECT TO BE RETURNED TO PUBLIC OWNERSHIP OF STATE OF TEXAS THROUGH PAYMENT OF $1.73 BILLION, OF WHICH $524 MILLION CORRESPOND TO ACS' IRIDIUM INFRAESTRUCTURAS

  • CONTRACT TERMINATION, NET OF PROVISIONS AND OTHER RESULTS, INCLUDING THAT OF ABERTIS, TO NOT HAVE SIGNIFICANT IMPACT ON ACS' EXPECTED 2024 CONSOLIDATED NET PROFIT


Source text for Workspace: nCNM4cBdKHnCNM9BcPqd
Further company coverage: ACS.MC


(Gdansk Newsroom)

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