Cuatrecasas has advised Sacyr Servicios, a subsidiary of Sacyr (BME: SCYR), on selling all the share capital of Sacyr Facilities to Grupo Serveo, owned by Portobello Capital, for €87 million. Sacyr Servicios could also receive an additional €15 million from various ongoing claims. The sale, subject to obtaining the necessary authorizations, is expected to be closed in the last quarter of 2023.
With this transaction—and following the sale of Valoriza Servicios Medioambientales to a fund of Morgan Stanley Infrastructure Partners, announced in June and also advised by Cuatrecasas—Sacyr continues to implement the goals of its 2021–2025 Strategy Plan. The deal enables Sacyr to reduce its net recourse debt and continue to develop its concession businesses.
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