Spanish company Sacyr receives 15 offers for two service companies, according to a source

FILE PHOTO: The logo of Spanish construction firm Sacyr at the company’s headquarters in Madrid, Spain January 4, 2014. REUTERS/Andrea Comas

MADRID (Reuters) – Spanish engineering firm Sacyr has received 15 bids for its environmental facilities and services, a source familiar with the matter said on Thursday, in a liquidation the company expects to complete this year. .

The source added that most of the offers were 100% from each company.

The Spanish construction company initially announced that it would sell a 49% stake in some of its service businesses, without ruling out consideration of other options, but most offers belong to 100% of each company, the source said, adding that Valoriza Environmental Services was the one that attracted most of the proposals.

The company, which is also looking for a partner for its water company before the end of 2023, will evaluate all offers for the two service companies in the next three months before moving forward with other divestments, according to the source.

Sayer’s assets have attracted interest from infrastructure funds, industrial firms and other unlisted companies, chief financial officer Carlos Migangos told Reuters last year.

The divestment plan will provide additional liquidity to accelerate the growth of the infrastructure concession business, particularly in continental Europe, the United Kingdom, Australia and Canada.

(Reporting by Corina Ponce; Writing by David Latona; Editing by Andre Khalil; Editing in Spanish by Jose Muñoz)

See also  “Mexican immigrants contribute more to the country's economy than the social programs that AMLO offers,” says Xochitl Galvez.

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top