Sacyr Vallehermoso

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Sacyr Vallehermoso, S.A.
Sociedad Anónima
Traded as BMADSYV
Industry Construction, Civil engineering
Founded 1986
Headquarters Madrid, Spain
Key people
Manuel Manrique Cecilia (President and CEO)
Revenue 3.614 billion (2012)[1]
€506.1 million (2012)[1]
Number of employees
21,380 (end 2010)[2]
Website www.gruposyv.com

Sacyr Vallehermoso, S.A. (Spanish pronunciation: [saˈθir βaʎerˈmoso]) is a leading Spanish construction company based in Madrid. It is publicly traded and is part of the IBEX 35 market value-weighted stock market index.

History[edit]

The company was founded in 1986 as Sociedad Anónima Caminos y Regadíos and was renamed Sacyr in 1991. 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.

Operations[edit]

Structure[edit]

The business has the following divisions:

  • Sacyr (construction)
  • Vallehermoso (housing)
  • Itinere (concessions)
  • Testa (property rental)
  • Valoriza (services)

Major projects[edit]

Major projects involving the business include the Torre Sacyr Vallehermoso, completed in 2008.[3]

Shareholdings[edit]

Sacyr Vallehermoso was the largest shareholder in the Spanish oil company Repsol YPF, holding an approximate 20% stake.[4] On December 20, 2011 Repsol YPF bought half of Sacyr Vallehermoso's stake back in order to save the shares from being seized in a foreclosure.[5]

References[edit]

  1. ^ a b "Preliminary Results 2012" (in Spanish). Sacyr Vallehermoso. Retrieved 31 March 2013. 
  2. ^ "Annual Report 2010" (in Spanish). Sacyr Vallehermoso. Retrieved 25 April 2011. 
  3. ^ Construction details
  4. ^ 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. 
  5. ^ Repsol Rescues Top Holder, Buys EUR2.6Bn of Own Shares Wall Street Journal, 20 December 2011

External links[edit]