ACS Says Has Received Non-Binding Offers For Dragados Unit
January 23 2009 - 4:32AM
Dow Jones News
Actividades de Construccion y Servicios SA (ACS.MC) said Friday
it has received non-binding offers for its Dragados SPL port and
logistics services unit.
In a Spanish regulatory filing, ACS said it would provide more
details if and when a deal is reached.
Spanish financial daily Expansion reports Friday that ACS has
shortlisted four bidders interested in buying Dragados SPL. The
unit is valued at EUR1 bililon, according to the newspaper.
Expansion said the four shortlisted bidders are an investment
fund run by JP Morgan (JPM), Global Infrastructure Partners - which
is owned by General Electric (GE) and Credit Suisse Group (CS) -
China Merchants Holdings and Dubai's Reef Real Estate
Investment.
-By Jonathan House and Pablo Dominguez, Dow Jones Newswires; +34
91 395 8120; jonathan.house@dowjones.com
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