Spanish infra M&A news
Indicative offers for ACS port subsidiary Dragados SPL have been submitted, with two consortia said to be leading the competition, one led by Macquarie and the other by JP Morgan. Global Infrastructure Partners is also said to be in the running. Advisers Deutsche Bank and Mediobanca are reviewing the offers and final bids are expected soon. ACS has been sounding out buyers for Dragados since the summer and hopes the sale will earn it €800m, although offers so far are said to be for much less.
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