ACS plans to bolster tech-related business through $2.10 billion capital increase, equity swap termination

CaixaBank SA

18/05/2026 19:00

MADRID, May 18 (Reuters) - Spanish construction and engineering company ACS ACS.MC will invest around 1.8 billion euros ($2.1 billion) from a capital increase and by ending two equity swaps to fund investments in digital infrastructure including data centres, chip facilities and AI-related infrastructure, it said on Monday.

The company will carry out the capital increase representing about 2% of its share capital through an accelerated bookbuilding process, ACS said in a filing to the market supervisor. At current market prices, this deal would have a value of more than 700 million euros.

The company said it would also use 1.1 billion euros gained from the termination of two equity swaps that it entered into with CaixaBank CABK.MC and the Spanish branch of Societe Generale SOGN.PA to fund the plan.

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 be participating in the stock offering to avoid diluting their ownership share.

Rosan Inversiones holds a 14.58% stake in ACS while Criteria has a 9.36% stake.

($1 = 0.8583 euros)

(Reporting by Javi West and Jesus Aguado; editing by Aislinn Laing and Hugh Lawson)

((Javier.West@thomsonreuters.com; +34 918 35 61 12;))