Spain's ACS to sell service unit worth around 2.5 bln euros -report - RTRS
MADRID, Dec 17 (Reuters) - Spanish builder and service company ACS ACS.MC is planning to sell public cleaning and waste disposal unit Urbaser which is worth around 2.5 billion euros ($2.7 billion) including debt, the Expansion financial newspaper reported on Thursday, citing sources.
ACS declined to comment on the report.
The sale is being handled by BBVA and Societe Generale and the proceeds will go toward reducing the builder's debt, the newspaper said.
ACS's net debt stood at 3.9 billion euros at the end of September.
Asian investment and sovereign funds have expressed interest, Expansion said.
ACS shares were up 1.7 percent at 27 euros per share in early trade while Spain's benchmark IBEX 35 index .IBEX was up 1.5 percent.