Sacyr wins Tenerife concession

The Spanish group pays €60 million for a deal worth €30 million a year.

Spanish construction company Sacyr Vallehermoso (SyV) announced at the end of December that it had won the contract to supply drinking water to Santa Cruz de Tenerife, the Canary Islands’ second largest city with a population of 205,000.

The company paid €60 million to take control of the municipal water company (Emmasa) for a 25-year period and it expects the deal to produce an...

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