Sacyr Services could additionally receive €15 million. The transaction – subject to obtaining, among others, the relevant regulatory authorisations – is expected to close in the last quarter of 2023.
With this transaction, and following the sale of Valoriza Servicios Medioambientales, S.A. to a Morgan Stanley Infrastructure Partners fund, which was announced in June and in which Cuatrecasas also advised, Sacyr, S.A. is moving forward in achieving the objectives of its 2021-2025 Strategic Plan. The transaction allows Sacyr to reduce its net recourse debt and, in addition, to continue boosting its concession businesses.
The transaction has been led by Francisco J. Martínez Maroto, partner of the Corporate and M&A area, together with Carlota Tojo, Pedro López-Dóriga, Álvaro Lucena and Julián Ruan, of the same area. Multidisciplinary teams from our offices in Madrid, Santiago de Chile and Bogotá also participated in the advice, including Félix Plasencia, Carlos Lasarte, Julio Brasa, Soraya Sáenz de Santamaría, Fernando Bernad, Andrew Ward, Alejandro Negro, Roberto Guerrero, Macarena Ravinet and Juan Felipe Vera, among others.
