Sacyr

SACYR S.A. (Spanish pronunciation: [saˈθiɾ]) is a Spanish infrastructure operator and developer company based in Madrid.

SACYR S.A.
TypeSociedad Anónima
BMAD: SYV
ISINES0182870214
IndustryConstruction, Investment
Founded1986
HeadquartersMadrid, Spain
Key people
Manuel Manrique Cecilia (Chairman and CEO)
Revenue €4.548 billion (2020)[1]
€467 million (2020)[1]
€236 million (2020)[1]
Websitewww.sacyr.com

History

The company was founded in 1986 as Sociedad Anónima Caminos y Regadíos and was renamed Sacyr in 1991. In 2002 it acquired 24.5% of Vallehermoso, a leading Spanish housing business founded in 1921. In 2003 it merged with Vallehermoso to form Sacyr Vallehermoso.[2]

Major projects

Major projects involving the business include the Torre Sacyr Vallehermoso, completed in 2008.[3]

Shareholdings

Sacyr was the largest shareholder in the Spanish oil company Repsol YPF, holding an approximate 20% stake.[4] On December 20, 2011, Repsol YPF bought half of Sacyr's stake back in order to save the shares from being seized in a foreclosure.[5] As of June 2021, SACYR owned 7.8% of Repsol YPF.[6]

References
  1. "Annual Report 2020" (in Spanish). SACYR S.A. Retrieved 15 June 2021.
  2. "Sacyr y Vallehermoso, una fusión que la crisis truncó". El Mundo. 1 October 2013. Retrieved 14 August 2015.
  3. "Construction details" (PDF). Retrieved 14 August 2015.
  4. Ruano, Carlos; Gonzalez, Andres; Aguado, Jesus; Roberts, Martin; Rucinski, Tracy (15 January 2010). "Repsol to keep boss, long-term strategy". Reuters. Retrieved 18 July 2010.
  5. Repsol Rescues Top Holder, Buys EUR2.6Bn of Own Shares Wall Street Journal, 20 December 2011
  6. "SSantander outcrops 3.5% of Repsol with derivatives from Sacyr and the oil company itself". Planet Story Lines. June 2021. Retrieved 17 June 2021.


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