ACS

Purchase price: EUR4.9 billion, including the obtained unit's cash Cobra IS is the energy division of ACS

French giving ins and building and construction team Vinci SA (EPA: DG) has authorized a binding arrangement to get the energy service, consisting of the renewables system, of Spanish civil as well as building engineering huge ACS Actividades de Construccion y Servicios SA (BME: ACS), the business introduced on Thursday.

Spanish building and construction as well as design team ACS Actividades de Construccion y Servicios SA will certainly keep a minority stake in a 2.9-GW solar profile that Portuguese oil-and-gas significant Galp Energia SGPS SA consented to get earlier this year.