ACS
Actividades de Construcción y Servicios

Strategic investments

Through its strategic investments, the ACS Group is present in the infrastructure development sector with Hochtief and Abertis and participates in the energy sector through its investment in Iberdrola.

The ACS Group completed a series of relevant operations in relation to these companies in 2010. In Abertis, ACS has brought in a new financial partner, enabling a new strategic push to be given to the project. The Group has also consolidated its position as the main shareholder in Iberdrola, increasing its stake to 20.2% of the company’s share capital. Lastly, the ACS Group, following its strategy of seeking global leadership in the infrastructure sector, launched a public tender offer for Hochtief, which was completed successfully in February 2011.

As such, the net contribution from the affiliates to the ACS Group’s net profit in 2010 increased by 35.7% with respect to 2009, totalling 159.1 million euros.