Published by Global Banking and Finance Review
Posted on November 17, 2025
1 min readLast updated: January 21, 2026
ACS agrees to sell UGL to Sojitz for €560M. The deal, reported by El Economista, is expected to close by early 2026, pending regulatory approvals.
MADRID (Reuters) -Spanish construction company ACS has agreed to sell the transportation business of its Australian subsidiary UGL to Japan's Sojitz Corporation for over 560 million euros ($650 million), Spanish newspaper El Economista reported on Monday, citing sources familiar with the talks.
ACS declined to comment, while Sojitz did not immediately respond to a request for comment.
The deal is expected to close by the end of this year or early 2026, subject to regulatory approvals, the newspaper said.
ACS's Australian unit CIMIC Group hired Macquarie Capital earlier this year to explore the sale of its UGL transport business, El Economista added.
(Reporting by Corina Pons; Editing by Emelia Sithole-Matarise)
Corporate strategy refers to the overall plan and direction of a company, focusing on long-term goals and how to achieve them. It involves decisions about resource allocation, market positioning, and competitive advantage.
The Transportation Sector encompasses industries and services that facilitate the movement of goods and people. This includes road, rail, air, and maritime transport, as well as logistics and supply chain management.
Investment banking is a financial service that helps companies raise capital by underwriting and issuing securities. It also provides advisory services for mergers and acquisitions, and assists in the sale of securities.
A subsidiary is a company that is controlled by another company, known as the parent company. The parent company typically owns more than 50% of the subsidiary's shares, allowing it to influence its operations.
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