Iberostar exits ACS Group via €554m Jefferies block

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Iberostar exits ACS Group via €554m Jefferies block

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Shares in ACS Group, the Spanish civil engineering company, closed 1% lower on Tuesday after Iberostar Hotels & Resorts, the Palma-based hotel chain, sold its entire 5.61% stake in a block trade, for €554.4m.

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