Sacyr divests from Repsol
Sacyr has announced the sale of its remaining 2.9% stake in Repsol, including its stock options for an undisclosed amount.
The sale allowed for the reduction of the debt associated with the shares by EUR563 million (US$602.92 million) and a positive accounting result of EUR58 million (US$62.11 million). Sacyr plans to use the profit to reduce net recourse debt and focus on its PPP investment plan.
Repsol S.A. is a Spanish energy and petrochemical company based in Madrid. Repsol is a petrochemical company that operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. Its business strategy also includes a renewable energy division.
Country updates
-
-
April 21, 2022
Contract awarded for 120 MW Solar park PPP project at Madrid Airport
Aena SME, the operator of Adolfo Suárez Madrid-Barajas Airport, has awarded the Photovoltaic Solar Plant at Madrid airport to Construcciones San José. The contract is valued at EUR99.11...
Read more -
April 19, 2022
Quarterly PPP Market Update 1Q 2022
WAPPP and InfraPPP, owned by IMCW Europe (part of IMC Worldwide: A DT Global Company), are delighted to present the first market update for 2022, covering the evolution of the PPP market over the 1Q.&...
Read more -
April 19, 2022
ARTS invests in KKR Diversified Core Infrastructure Fund
Arkansas Teacher Retirement System (ARTS) has committed the investment of US$25 million in the Diversified Core Infrastructure Fund (DCIF), managed by KKR. The open-ended fund has already raised US$6....
Read more -
April 08, 2022
DIF Capital Partners buys stakes in Boluda Maritime Terminals
DIF Capital Partners (DIF), through its DIF CIF II fund, has signed an agreement to acquire an undisclosed stake in Boluda Maritime Terminals, the container terminal division of Spanish...
Read more -
March 11, 2022
Contract awarded for Murcia to Almería rail line PPP project
The consortium of Acciona and Ferrovial has been awarded a contract to construct the section of high-speed rail between Lorca (Murcia) and Pulpí (Almería) worth EUR171 million (US$1...
Read more
