Sacyr


Sacyr S.A. is a 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.

Major projects

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

Shareholdings

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