Sacyr

SACYR S.A. (Spanish pronunciation: [saˈθiɾ]) is a Spanish infrastructure operator and developer company based in Madrid.

SACYR S.A.
TypeSociedad Anónima
BMAD: SYV
ISINES0182870214
IndustryConstruction, Investment
Founded1986
HeadquartersMadrid, Spain
Key people
Manuel Manrique Cecilia (Chairman and CEO)
Revenue €4.548 billion (2020)[1]
€467 million (2020)[1]
€236 million (2020)[1]
Websitewww.sacyr.com

History

The company was founded in 1986 as Sociedad Anónima Caminos y Regadíos and was renamed Sacyr in 1991.[2] The company received their first concession in 1996, which was the Chilean El Elquí highway.[3] From this moment on, it began its expansion by adding concessions in Chile and Spain and making purchases such as that of Avasa, the highway between Bilbao and Zaragoza.[4]

In 2002 it acquired 24.5% of Vallehermoso, a leading Spanish housing business founded in 1921. In 2003 it merged with Vallehermoso to form Sacyr Vallehermoso.[5]

In June 2006 Isolux Corsán presented a takeover bid for Europistas at a price of 4.8 euros per share, which meant valuing the company at 646 million euros.[6]

Major projects

Major projects involving the business include the Torre Sacyr Vallehermoso, completed in 2008.[7]

Shareholdings

Sacyr was the largest shareholder in the Spanish oil company Repsol YPF, holding an approximate 20% stake.[8] On December 20, 2011, Repsol YPF bought half of Sacyr's stake back in order to save the shares from being seized in a foreclosure.[9] As of June 2021, SACYR owned 7.8% of Repsol YPF.[10]

References
  1. "Annual Report 2020" (in Spanish). SACYR S.A. Retrieved 15 June 2021.
  2. "Manuel Lao entra al grup d'infraestructures Sacyr com a accionista". Diari de Terrassa. 8 December 2021. Retrieved 20 March 2022.
  3. "La batuta de Sacyr en las autopistas" (in Spanish). Expansión. 16 April 2008.
  4. "Iberpistas and Sacyr buy Basque Aragonese for 126,000 million". El Pais. 19 September 2000. Retrieved 20 March 2022.
  5. "Sacyr y Vallehermoso, una fusión que la crisis truncó" (in Spanish). El Mundo. 1 October 2013. Retrieved 14 August 2015.
  6. "Isolux lanza una OPA sobre el 100% de Europistas y por un importe de 646 millones" (in Spanish). El País. 22 June 2006.
  7. "Construction details" (PDF). Retrieved 14 August 2015.
  8. Ruano, Carlos; Gonzalez, Andres; Aguado, Jesus; Roberts, Martin; Rucinski, Tracy (15 January 2010). "Repsol to keep boss, long-term strategy". Reuters. Retrieved 18 July 2010.
  9. Repsol Rescues Top Holder, Buys EUR2.6Bn of Own Shares Wall Street Journal, 20 December 2011
  10. "Santander outcrops 3.5% of Repsol with derivatives from Sacyr and the oil company itself". Planet Story Lines. June 2021. Retrieved 17 June 2021.


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