- The participation reaches a value of 125 million in the market
- The entry took place on March 1
Invesco has declared a 1% stake in ACS capital stock, a percentage valued at 125 million euros based on the current price of the construction and concessions group.
The fund manager has taken this stake in the group chaired by Florentino Pérez coinciding with the announcement that it will “significantly increase” its dividend and that its profit will reach the level of 1,000 million euros this year thanks to the contribution of Abertis.
Invesco reported this participation to the records of the National Securities Market Commission (CNMV) dated March 1, after the presentation of the company’s annual results, which included the first contribution of the highway company bought together with the Italian Atlantia.
In its notification to the market supervisor, the fund manager indicates that it takes ACS shares on behalf of several of the funds and pension plans that it manages through its various firms. Specifically, Invesco has been made directly a package of 3.16 million shares of ACS, representing 1,006% of the company’s capital.
Thus, from now on it appears as the second foreign institutional investor in the capital of the construction company, behind BlackRock, which has 3%.
Florentino Pérez is the current first reference partner of ACS, with u12.5% stake, ahead of businessmen and cousins Alberto Cortina and Alberto Alcocer, with another 6.3%.