The true value of Valoriza
- From: Vol 10, Issue 3 (March 2009)
- Category: General
- Region: Europe
- Country: Spain
- Related Companies: Banco Santander, Repsol, Sacyr Vallehermoso. and Valoriza
The environmental services division of SyV has posted rosy results for 2008, increasing its attractiveness as a saleable asset.
Valoriza, the water and environmental services arm of Sacyr Vallehermoso, turned in a positive performance in 2008, increasing its potential sale value to Sacyr, which is struggling to meet debt repayment commitments.
A significant proportion of Sacyr’s net debt of €14.5 billion (at the end of 2008) is guaranteed by its shareholding in Repsol and by its property ...
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