Sacyr Vallehermoso

Sacyr Vallehermoso, S.A.
Sociedad Anónima
Traded as BMAD: SYV
Industry Construction, Investment
Founded 1999
Headquarters Madrid, Spain
Key people
Manuel Manrique Cecilia (President and CEO)
Revenue 3.614 billion (2012)[1]
€506.1 million (2012)[1]
Number of employees
21,380 (end 2010)[2]
Website www.gruposyv.com

Sacyr Vallehermoso, S.A. (Spanish pronunciation: [saˈθir βaʎerˈmoso]) is a leading Spanish construction company based in Madrid. It is publicly traded and is part of the IBEX 35 capitalization-weighted stock market index.

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.[3]

Major projects

Major projects involving the business include the Torre Sacyr Vallehermoso, completed in 2008.[4]

Shareholdings

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

References

  1. 1 2 "Preliminary Results 2012" (PDF) (in Spanish). Sacyr Vallehermoso. Retrieved 31 March 2013.
  2. "Annual Report 2010" (PDF) (in Spanish). Sacyr Vallehermoso. Retrieved 25 April 2011.
  3. "Sacyr y Vallehermoso, una fusión que la crisis truncó". El Mundo. 1 October 2013. Retrieved 14 August 2015.
  4. "Construction details" (PDF). Retrieved 14 August 2015.
  5. 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.
  6. Repsol Rescues Top Holder, Buys EUR2.6Bn of Own Shares Wall Street Journal, 20 December 2011

External links

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