Sacyr

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Sacyr S.A.
Sociedad Anónima
Traded asBMADSYV
IndustryConstruction, Investment
Founded1999
HeadquartersMadrid, Spain
Key people
Manuel Manrique Cecilia (President and CEO)
Revenue2.860 billion (2016)[1]
€208 million (2016)[1]
€120 million (2016)[1]
Websitewww.sacyr.com

Sacyr S.A. (Spanish pronunciation: [saˈθiɾ]) is a Spanish construction company based in Madrid. It is publicly traded and is part of the IBEX 35 capitalization-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.[2]

Major projects[edit]

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

Shareholdings[edit]

Sacyr 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's stake back in order to save the shares from being seized in a foreclosure.[5]

References[edit]

  1. ^ a b c "Annual Report 2016" (in Spanish). Sacyr S.A. Retrieved 8 April 2018.
  2. ^ "Sacyr y Vallehermoso, una fusión que la crisis truncó". El Mundo. 1 October 2013. Retrieved 14 August 2015.
  3. ^ "Construction details" (PDF). Retrieved 14 August 2015.
  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]