Sacyr divests its construction business in Angola, Mozambique and Cape Verde26/10/2020
Sacyr has signed a contract of sale with the Angolan group Griner to sell its three subsidiaries: Sacyr Somague Angola, Sacyr Somague Mozambique and CVC Sacyr Somague in Cape Verde. This deal is worth over 33 million euros (not including debt). lt is subject to the usual approvals by the competition authorities for these types of operations.
This deal is part of Sacyr's strategy to reduce the risk of building in non-strategic markets and to focus its activity on concessions in its key markets. Concessions already account for nearly 80 percent of the group's EBITDA.