M&AInfrastructureSIGNED
ACS and Acciona Take Ferrovial's €30 Billion Contract in US to Court
Value
€30.0Bn
Acquirer
ACS and Acciona
Target
Ferrovial's I-24 Tennessee contract
Spanish construction groups ACS and Acciona are taking Ferrovial's €30 billion contract for the I-24 highway in Tennessee to court in the US. They are seeking a review of the financial conditions of the tender awarded in August.
✦ Meridian Analysis
This is a legal dispute concerning a completed contract award in the US infrastructure sector, involving Spanish construction groups. The analysis focuses on the challenge to the tender's financial conditions, but does not disclose the specific grounds for the appeal or the potential impact on the awarded party.
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