Vinci SA’s move to buy a core business of Spain’s Actividades de Construccion y Servicios SA for about 4.9 billion euros ($5.8 billion) will turn the French infrastructure giant into a global player in renewable energies. The deal that was more than six months in the making expands Vinci’s reach into Spain and Latin America, […]
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MADRID: Shares of Spanish engineering and infrastructure group ACS ACS.MC surged 16% on Friday after French rival Vinci SGEF.PA made a non-binding offer to buy ACS’s industrial unit Cobra for 5.2 billion euros ($6.10 billion). ACS’s board will proceed with negotiations, the Madrid-based company said in a filing to the stock market regulator. Vinci has […]