Sacyr

Companies 6th November 2025

Arbitration proceedings initiated by Sacyr against Panama for Canal expansion works dismissed

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…

Companies 8th October 2025

Sacyr submits sole bid for new motorway in Chile with estimated investment of €304 million

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…

Companies 14th August 2025

Sacyr wins residential construction contracts for 830 homes in Malaga, Madrid, and Barcelona worth €245 million

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…

Companies, Relevant News Item 7th August 2025

Sacyr signs contract to build Messina bridge, with planned investment of €10.6 billion

Intermoney | Sacyr (SCYR) (Buy, Target Price €4.4 per share) announced on Wednesday after the market closed that it had signed the contract to build the Messina Bridge, which will link the island of Sicily with the rest of Italy. The project concessionaire, Stretto di Messina, is majority-owned by the Italian state and other public administrations. The main contractors include WeBuild, formerly Impregilo, and Sacyr, with a 22% stake, among…

In Europe 16th June 2025

Sacyr about to sign contract for Messina Strait Bridge, Europe’s largest public works project

Link Securities | The Sacyr consortium responsible for the construction of the bridge over the Strait of Messina (Italy) is about to sign the contract for what would be Europe’s largest public works project in terms of investment, worth around €13 billion, of which around €10 and a half billion correspond to the Sacyr consortium, which holds 22.4% of the business alliance involving the Italian companies Webuid, Condotte and Itinera….

World economy 9th May 2025

Sacyr wins water concession in Chile with initial investment of €260m

Intermoney | Sacyr (SCYR) (Buy, Target Price €4.4/share), the Group has been awarded a water cycle concession in the region of Antofagasta (Chile), which will involve an initial investment of €260 million, with a duration of 35 years. This is the largest water reuse project in Latin America, which involves the construction of a wastewater treatment plant for subsequent commercialisation. The main function of the project will be to capture…

In the World 19th March 2025

Sacyr awarded another concession in Chile, extension of one already under way, worth €516 million

Intermoney | Sacyr (Buy, PO €4.4) announced yesterday, while the market was open, that it had been awarded a new concession in Chile. This is the Itata Route, which involves an investment of €516 million and includes the improvement, construction, maintenance and operation of existing and new works. These include the improvement of the current routes 152 (75.1 km) and 158 (14.1 km) and a new 6.9 km dual carriageway…

Relevant News Item 28th February 2025

Sacyr’s EBITDA falls, but operating cash flow soars 53% to almost €1.3 billion

Intermoney | Sacyr (Buy, PO €4.4) announced its 2024 annual results yesterday after the market closed, and will hold a conference call today at 11am. The main figures, together with our estimates, are shown in the attached table. The Group has continued to moderate its operating results, mainly due to the accounting effect following the commissioning of new concessions, including the Pedemontana Veneta (PV) motorway, and a reduction in construction…

Relevant News Item 24th February 2025

Ahead of Sacyr 2024 results: pending asset rotation in Colombia; declines in concession revenues

Renta 4 | Awaiting to find out the date on which Sacyr (SCYR) will present its 2024 figures and hold its conference. Overweight, P.O. €4.29. Results that we hope will continue to be in line with the group’s strategy. Single-digit declines expected in concession revenues, as, despite the fact that concessions are still on the rise, construction revenues are falling due to the completion of major projects in 2023. In…

Spanish economy 31st January 2025

Sacyr proposes appointment of Pedro Sigüenza as director and separates functions of CEO and Chairman

Intermoney headquarters| The Board of Directors of Sacyr (Buy, PO 4.4 €) agreed yesterday after the market close to propose to the next shareholders’ meeting the appointment of Pedro Sigüenza as a director of the company with executive qualification in the functions of development and management of the business lines. The approval, if it happens, of this proposal by the General Shareholders’ Meeting will allow Sigüenza to be appointed CEO…

« 1 2 3 4 … 7 »