Connecting Waterpeople

You are here

Sacyr reaches agreement to sell 100% of Sacyr Facilities to Serveo for €87 million

  • Sacyr reaches agreement to sell 100% of Sacyr Facilities to Serveo for €87 million
  • Sacyr reinforces its focus on the P3 asset development business. Proceeds from the operation will be earmarked to reduce its net recourse debt.

About the entity

Sacyr Agua
Sacyr Agua, a subsidiary of Sacyr manages the integral water cycle. With more than 100 treatment, purification and/or desalination plants built and designed, it is one of the leading companies in the water technology sector.


Sacyr has accepted an €87 million offer from Serveo for 100% of Sacyr Facilities, one of the businesses in its Services unit. This divestment is framed in the company’s strategic objective to reduce its net recourse debt and focus its activity on the concession business as its core activity.

The amount of the divestment totals €87 million enterprise value and an equity value of €76 million. In addition, the sale and purchase agreement contemplates that Sacyr will receive earn-outs valued at approximately €15 million, depending on the success of several claims currently in process.

The perimeter of Sacyr Facilities, the company in question subject to sale, reached a €13.7 million EBITDA in 2022. 

The transaction is expected to generate pre-tax capital gains of approximately €40  million for Sacyr.

The completion of the transaction is subject to the compliance with the customary conditions precedent set out for this type of transaction and closure is expected to take place in 4Q 2023.

Divestment plan

Last June, Sacyr announced that the company has reached an agreement to sell 100% of Valoriza Servicios Medioambientales to Morgan Stanley Infrastructure Partners for a €734 million enterprise value (including equity and debt). 

These divestment processes will help Sacyr drastically reduce its recourse net debt, one of the major objectives in the 2021-2025 Strategic Plan. 

Sacyr, with P3 assets valued at more than €3 billion, focuses on transport (roads, airports, harbors, rail, metro), social (hospitals, universities, public administration buildings) and water (integrated water cycle, desalination, purification and recycling) infrastructure development and management under public-private partnerships. 

Subscribe to our newsletter

The data provided will be treated by iAgua Conocimiento, SL for the purpose of sending emails with updated information and occasionally on products and / or services of interest. For this we need you to check the following box to grant your consent. Remember that at any time you can exercise your rights of access, rectification and elimination of this data. You can consult all the additional and detailed information about Data Protection.

Featured news

28/06/2022 · Business · 51

Video Sacyr. We are the most sustainable company in Spain’s infrastructure sector!

04/05/2022 · Business · 29

Video Sacyr. 1Q 2022 Results

25/02/2022 · Business · 60

Video Sacyr. 2021 Results