Goldman Sachs has announced this Wednesday an increase in its participation in ACS, than now it represents 6.77% of the capital. The US investment bank redoubles its commitment to the Spanish construction company after entering its shareholding on July 1 after buying 3% of the shares.
In these eight days apart, he has also had time to slightly reduce his participation. As appears in the records of the National Securities Market Commission (CNMV), on July 3 he sold part of his stake until he stayed with control of 2.77% of the share capital.
After its last purchase, Goldman Sachs has surpassed the participation of two other institutional investors, such as Blackrock and Société Générale, which right now have in their possession 4% and 3% of the shares. Among the investors with a relevant position in ACS are also Florentino Pérez (12.5%) and Los Albertos (9%). In addition, the company itself has 8.46% of the shares, the highest percentage of treasury stock that it has controlled in its history.
The Goldman Sachs movement also highlights the Power fight that exists in the shareholding of the Spanish construction company among institutional investors and bears. ACS is one of the main bets of some funds that acquire short positions, such as Marshall Wace and AKO Capital, which maintain a joint bearish position on 1.6% of capital.
In so far this year, their titles are down 35%, above the average of the Ibex, which is left 23%. Although it is also true that the red numbers have been slightly cut in the last two months, after the multiple signs of financial strength that you have tried to pass on to the market.
. (tagsToTranslate) Goldman (t) Sachs (t) increases (t) participation (t) up to (t) 6 (t) 77% (t) capital (t) Category: All (t) Category: Company News (t) Category: Europe Report (t) Category: International News (t) Category: Pulses (t) Category: Pulses Europe (t) Category: Sectorial: Industrial Services