This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at SYV vende por 47 millones el 49% de su participación en dos autopistas y dos intercambiadores
SYV sold 47 million 49% of its participation in two highways and two heat exchangers
14/05/2010
May 14, 2010
Sacyr Vallehermoso and Eiser Infrastructure Limited have signed an agreement for the sale of 49% of the shares of their participation in four concessional assets of Sacyr concessions portfolio amounting to EUR 46.8 billion. Assets are two shadow toll roads: Northwest Freeway, dealer in the autonomous community of the region of Murcia and Autovía del Turia, dealer of the Generalitat Valenciana; and two exchangers of transport: the Moncloa and the Plaza Elíptica, both located in the Centre of Madrid.
This operation is included in the strategy of Sacyr concessions to entry into their concessions to a financial partner to maximize the return on its assets and provide capital for the development of new projects. Along this same line, Sacyr concessions has been sold to the investment fund of the Americas 40% of the concession Vallenar-Caldera (Chile) amounting to EUR 16.9 million. With this operation, a relationship for the future between Sacyr concessions and Eiser could start to perform similar operations or develop new concession projects.
