Sacyr looks to exit the water business
- From: Vol 9, Issue 9 (September 2008)
- Category: General
- Region: Europe
- Country: Spain
- Related Companies: Agbar, FCC, Sacyr, Valoriza and Veolia
Spanish construction heavyweight SyV could be forced to sell its services division, which houses its water-related activities. It is the group’s fastest-growing business arm.
Hit by a rapidly worsening outlook for its core Spanish businesses, construction and property giant Sacyr Vallehermoso is looking to find a buyer for its water, waste and environmental services division, Valoriza, in a bid to raise capital to meet its large debt obligations.
Despite official denials from company spokespeople, analysts consulted by GWI are in accord that reports about ...
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