Apr 14, 2008
Sacyr Vallehermoso negotiate with the group french Fayat the surrender of a portion of the 33.2%
Sacyr Vallehermoso negotiate with the group french Fayat the surrender of a portion of the 33.2%Sacyr might relinquish some of its shares in Eiffage Bordeaux Fayat
The Spanish construction group Sacyr Vallehermoso group negotiates with the french Fayat selling a stake of 33.2% it owns in the capital of french Eiffage, understands this Friday, the newspaper La Vanguardia.
The Spanish construction group Sacyr Vallehermoso negotiate with the group french Fayat the surrender of a portion of the 33.2% it owns in the capital of the french group Eiffage, said Friday that the newspaper La Vanguardia. The newspaper does not identify its sources and did not give details on the format or timing of the sale of the group Bordeaux BTP Fayat.
Very discreet, the group headed by Clement Fayat Fayat (76 years old) founder of the eponymous group, is no less an actor of choice in road maintenance - a world leader in its sector and 40% of turnover the group - and the fourth player in the french construction. Its turnover was 2.2 billion euros and its own funds of 515 million. A comparison to the amount of 1.7 billion euros for the participation of Sacyr in Eiffage.
Interviewed by Agence France Presse (AFP), Sacyr did not wish to comment, respecting its usual course of action regarding the information published on this subject. The Spanish group has already stated that he was ready to dispose of its shareholding. "We are open to any kind of offer," said the chairman of the group Luis del Rivero, in November.
Sacyr entered the capital Eiffage early 2006 and has tried since joining the board of directors. Both groups engaged in a war fierce legal, denouncing French takeover, by the progressive Spanish, and the latter dénoncant manoeuvres Eiffage to prevent him from attending.
The next deadline the court case is scheduled for April 2, when the Paris Court of Appeal to issue a ruling on a decision by the Financial Market Authority (AMF) French that Sacyr contests. The AMF has, in fact, rejected a draft of an exchange offer (OPE) submitted by Sacyr on Eifffage, considering that he had acted in concert with other shareholders to try to take control of french manufacturer. She Sacyr forced to launch a takeover bid (OPA) with a significantly higher value during Eiffage then
by erectusplus at 11:04 AM |
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