Bloomberg News

ACS Refinances 602 Million Euros Used for Hochtief Purchase

October 28, 2011

Oct. 28 (Bloomberg) -- Actividades de Construccion & Servicios SA said it reached an agreement with seven banks to refinance a 602 million-euro ($853 million) loan used to buy a stake in Hochtief AG.

The loan, first raised in April 2007, will now mature in July 2015, according to a regulatory filing yesterday.

Banco Bilbao Vizcaya Argentaria SA, Bankia SA, CaixaBank, Helaba, Instituto de Credito Oficial, Royal Bank of Scotland Group Plc and Societe Generale SA participated in the deal.

--Editor: James Kraus

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net


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