The President of Uruguay, Luis Lacalle Pou, together with other government and business authorities, has inaugurated the Ferrocarril Central de Uruguay project, a railway corridor linking the city of Paso de los Toros, in the centre of the country, with the port of Montevideo, built by the Grupo Vía Central consortium, led by Sacyr (SCYR) Concesiones. The new line has an extension of 265 kilometres and required the laying of…
Ferrovial (FER) informed the CNMV that the Anillo Vial Periférico Consortium formed by FER, Acciona (ANA) and Sacyr (SCYR) has been selected to develop the Anillo Vial Periférico de Lima (Peru) project under the concession format with an investment of $3.4 billion (about €3.131 billion). This amount includes contributions of public funds from the government. Within the consortium in charge of the project, FER, through its toll road subsidiary Cintra,…
Banco Sabadell: According to press reports, the Board of Directors of the public company Stretto di Messina has approved the update of the Messina Bridge construction project, which will link the island of Sicily with the Italian mainland via a bridge of almost 4 km. Italy will pay €12,000 million to Eurolink, a consortium in which SCYR holds an 18.5% stake. Work is due to start this summer and be…
CdM| DWS Investment, Deutsche Bank’s fund manager, has raised a 3.26% stake in the capital of Sacyr, thus becoming one of the significant shareholders of the construction and concessions company. According to the National Securities Market Commission (CNMV) records, and as reported by Europa Press, the German fund manager’s operation translates into 22.3 million shares, valued at current market prices of €71.5 million.
Link Securities| US investment bank Goldman Sachs has cut its stake in Sacyr to 1.145% from the 7.347% that had previously made it the third largest shareholder, according to the CNMV’s registers, as Expansión newspaper reports in today’s edition. Of this stake, 0.025% of the voting rights attributed to the shares are held indirectly and 1.120% through financial instruments. Thus, the company remains in Sacyr’s capital behind Disa, which has…
Intermoney | As reported yesterday by the company, the Italian Council of State has confirmed to the SIS consortium, formed by Fininc and Sacyr (Buy, PO, €), the award of the operation of a series of motorways in the vicinity of Turin; these assets, already in operation, total 320 kilometres. This contract, awarded by the Italian Ministry of Infrastructure and Transport in June 2021, has now been confirmed by the…
Intermoney| Sacyr (SCYR) announced on Monday, after market close, that it has completed the sale of 45% of the Irish N6 motorway concession to Bestiver Infra. The transaction amounts to €45 million in EV, or €29 million in equity; Sacyr states that the multiple of the transaction exceeds 2x times invested capital. The deal had been announced last May. The N6, which was inaugurated in 2009 and expires in 2037,…
Intermoney : Sacyr (SCYR) (Buy, PO 4.0 €), as reported on Thursday by the Group with the market open, together with its Italian partner Fininc, has been awarded the construction of a railway line in Catania (Sicily). The project, by Metropolitana Circumetnea, envisages the design and execution of a 10.6 km route between the Misterbianco station and the Ardizzone tunnel, with an investment of around €532 million. In total, the…
Link Securities| Both companies submitted binding bids on Monday for the concession contracts to rehabilitate, maintain and operate four motorways in Puerto Rico, in a deal valued at more than €2 billion, the digital newspaper elEconomista.es reports today. Both Abertis and Sacyr, which declined to confirm their participation, were shortlisted last year by the Public-Private Partnerships Authority (AAPP) to compete in the final bidding for the privatisation of motorways PR-52,…
Sacyr has just announced the sale of 100% of its environmental services business (Valoriza Servicios), for an enterprise value of €734 million, to a company owned by funds managed by Morgan Stanley Infrastructute Partners. The value of the equity is estimated by Sacyr at €425 million, and the transaction is expected to close in 4Q of this year. The capital gains generated are estimated at €270 million. The company states…