Intermoney | Sacyr (SCYR) (Buy, Target Price €4.6/share) has been provisionally awarded (preferred bidder) the construction of a hospital complex near Perth (Australia) with an estimated budget of over €500 million, according to Expansión newspaper. This project is part of an investment programme by the province of Western Australia valued at €2.6 billion. Sacyr shares this award with local partner Built. Work is scheduled to begin in the middle of…

Link Securities | Today, the company has formalised a forward contract with a credit institution for 10,000,000 ordinary Sacyr shares with an initial reference price of €3.744, adjustable according to the final execution price and maturing in one year, by signing the corresponding confirmation. The transaction is settable by physical delivery of shares or by differences, at Sacyr’s discretion. The transaction has been formalised bilaterally and without the acquisition of…

Banco Sabadell | According to press reports, UNCITRAL (United Nations Commission on International Trade Law) has dismissed the arbitration proceedings initiated by Sacyr against Panama for the Canal expansion works. We recall that this was a claim for damages that we estimated could be around €1 billion BS based on the Agreement on Reciprocal Protection and Promotion of Investments between Spain and Panama. Assessment: This news has no impact insofar…

Banc Sabadell | Sacyr (SCYR) has reportedly submitted the only bid for the Ruta Pie de Monte, a new 20 km motorway in the Biobío region (Chile) with an estimated investment of $355 million (around €304 million), according to press reports. Construction is expected to begin in 2030 and the motorway is expected to be operational in 2033. The concession term would be up to 45 years. Assessment: Pending confirmation…

Link Securities | Sacyr Ingeniería e Infraestructura (SCYR) has been awarded residential construction contracts worth €245 million and is expanding its project portfolio in Spain with 830 new homes in Malaga, Barcelona and Madrid, according to reports on Wednesday by the Efe news agency and Expansión. A press release explains that among the recently awarded projects, the construction of the Karl Lagerfeld Villas for Sierra Blanca Estates, located in Lomas…