ACS closes the sale of the stations of section 2 of the Barcelona metro
Once the due diligence for the transaction was complete, the company Iridium, entirely owned by ACS Actividades de Construcción y Servicios, S.A., went ahead with the sale of 80% of its stake in the concession of section 2 in Line 9 of the Barcelona metro and the maintenance company for section 2 and section 4 of Line 9.
Iridium will continue to play an important role in the management and the operation of the concessions, keeping a 20% of stake along with a relevant presence on the governing bodies of these concessions and will provide support to the concessions exactly as it has until now.
The revenues from the concessions are based on payments for availability with up to 27 years remaining in the life of the concession. The concession has been financed with long-term debt.