MADRID, Nov 17 (Reuters) - Spanish construction company

ACS has agreed to sell the transportation business of

its Australian subsidiary UGL to Japan's Sojitz Corporation ( SZHFF ) 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 ( SZHFF ) 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)