Previous Close | 3.1100 |
Open | 0.0000 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's Range | 0.0000 - 0.0000 |
52 Week Range | |
Volume | |
Avg. Volume | 2,040,905 |
Market Cap | 2.113B |
Beta (5Y Monthly) | 1.36 |
PE Ratio (TTM) | 14.90 |
EPS (TTM) | 0.2100 |
Earnings Date | May 20, 2024 - May 24, 2024 |
Forward Dividend & Yield | 0.14 (4.47%) |
Ex-Dividend Date | Jan 12, 2024 |
1y Target Est | 3.48 |
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Spanish construction firm Sacyr said on Monday it had agreed to sell its waste management unit to Morgan Stanley Infrastructure Partners, the first step in a divestment plan that aims to switch focus to its profitable concession business. The deal, reported by Reuters on Sunday, values Valoriza Servicios Medioambientales at 734 million euros ($788.83 million), including debt and equity, Sacyr said in a filing to the stock market regulator. Sacyr is now evaluating some bids for its facility services unit and plans to seek a partner for its water subsidiary before the end of 2023, a person familiar with the talks told Reuters.
Spanish construction firm Sacyr said on Monday it had agreed to sell its waste management unit Valoriza Servicios Medioambientales to Morgan Stanley Infrastructure Partners. The deal values the unit at 734 million euros ($788.83 million), including debt and equity, Sacyr said in a filing to the stock market regulator. The equity alone is worth about 425 million euros and Sacyr will book a 270 million euro capital gain on the sale.
Morgan Stanley Infrastructure Partners is poised to buy Sacyr's Valoriza Servicios Medioambientales in a deal that could value the unit at close to 600 million euros ($644.8 million) including debt, people familiar with the matter said. Morgan Stanley Infrastructure has prevailed over other firms in an auction that Valoriza's owner, Spanish construction firm Sacyr, held for the company which started in February, the sources said on Sunday. Valoriza Servicios Medioambientales is specialized in managing a range of services in the waste recycling chain such as collection, treatment and management of waste.