Actividades de Construccion y Servicios SA (ES:ACS) has released an update.
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ACS Group and its subsidiary, Iridium Infraestructuras, will receive $1.732 billion from the State of Texas for the early termination of the SH-288 highway concession. This sum includes $524 million specifically allocated to Iridium Infraestructuras. Despite the contract’s termination, there will be no significant impact on ACS Group’s consolidated net profit for the year 2024.
For further insights into ES:ACS stock, check out TipRanks’ Stock Analysis page.
