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