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- November 2011: Vol. 4, Number 10

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ACS Sells 50 Percent in Florida Toll Road Concession

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Spanish construction firm ACS has sold 50 percent of its stake in the I-595 toll road concession in Florida for an enterprise value of $588 million, according to a report by Reuters. The buyer is the $458 billion TIAA-CREF. ACS still retains 50 percent ownership of the project, which is under a concession contract through 2044.

 

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