ACS has asked China’s CNTY for a downpayment of €150m in the next 10 days for sale of its refuse collection business, Urbaser, El Confidencial reported at the end of last week citing unnamed sources. Urbaser’s sale could be valued at ~€2.3bn and could be finalised in the coming days. If the deal take place this could be done at an EV/EBITDA higher than 7x, in our opinion, which underlines our investment thesis that ACS deserves a rerating since it is worth more broken ap
26 Sep 2016
Divestment of Urbaser for €2.3bn according to El Confidential
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Divestment of Urbaser for €2.3bn according to El Confidential
ACS Actividades de Construccion y Servicios SA (ACS:WBO) | 0 0 1.2% | Mkt Cap: 9,103m
- Published:
26 Sep 2016 -
Author:
Felix Brunotte -
Pages:
2
ACS has asked China’s CNTY for a downpayment of €150m in the next 10 days for sale of its refuse collection business, Urbaser, El Confidencial reported at the end of last week citing unnamed sources. Urbaser’s sale could be valued at ~€2.3bn and could be finalised in the coming days. If the deal take place this could be done at an EV/EBITDA higher than 7x, in our opinion, which underlines our investment thesis that ACS deserves a rerating since it is worth more broken ap