Spanish construction and engineering firm ACS announced Monday it will invest approximately 1.8 billion euros ($2.1 billion) in digital infrastructure, including data centers, chip facilities, and AI-related infrastructure.
The company plans to raise funds through a capital increase representing about 2% of its share capital via an accelerated bookbuilding process. At current market prices, the deal would be valued at over 700 million euros.
ACS will also use 1.1 billion euros from the termination of two equity swaps previously entered into with CaixaBank and Societe Generale.
Florentino Perez, chairman of ACS, through his investment vehicle Rosan Inversiones, and Spanish holding company Criteria, the main shareholders in the construction company, said they would participate in the stock offering to maintain their ownership stakes.
