ACS falls after discounted share sale for data centre push

Acs Actividades de Construccion y Servicios SA

19/05/2026 08:45

** ACS ACS.MC falls 4% after the Spanish construction and engineering firm sold stock via a discounted accelerated bookbuild to help fund its push into digital infrastructure

** The placement was priced at 125 euros per share, raising about 675 million euros ($785 million) at a discount of more than 5% to the previous close

** Jefferies views the raise as a signal that data centre demand is running ahead of expectations

** "While it may come as an initial negative surprise, it also reflects the speed and scale of opportunities becoming available to ACS in the digital infrastructure space," it says

** The stock is among the worst performers on Europe's STOXX 600 .STOXX

($1 = 0.8598 euros)

 (Reporting by Mireia Merino)

 ((Mireia.merino@thomsonreuters.com))