SACYR COMPLETES SALE OF 45% STAKE IN IRISH
MOTORWAY N6 TO BESTINVER INFRA
- The operation gives the concession an enterprise value of €45 million.
Madrid, September 18, 2023.- Sacyr, through its P3 unit Sacyr Concesiones, has agreed to sell its 45% stake in Irish motorway N6 to Bestinver Infra. The 56-kilometer road improves connections in West Ireland.
Announced back in May, the operation gives the concession an enterprise value (equity plus debt) of €45 million.
The sale of Sacyr Concesiones' stake in the N6 is part of the company's mature non- strategic or minority stake asset rotation policy.
The 56-kilometer dual carriageway N6 connects Dublin and Galway. The project started operating in 2009 and is under a concession scheme until 2037.
About Sacyr Concesiones
Sacyr Concesiones is an international benchmark in the infrastructure development industry. Ranked 3rd in PWF's World's Largest Transportation Developers ranking, the company currently manages a diversified 69-assetglobal portfolio.
So far in 2023, Sacyr Concesiones has taken a massive qualitative leap in its presence in the United States. Back in July, the company (in a JV with Plenary and Acciona) was awarded the design, construction, operation, and maintenance contract over a stretch of the I-10 interstate in Louisiana (USA).
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Sacyr SA published this content on 18 September 2023 and is solely responsible for the information contained therein. Distributed by, unedited and unaltered, on 18 September 2023 16:34:07 UTC.