SACYR S.A. is a Spanish infrastructure operator and developer company based in Madrid.
History
The company was founded in 1986 as Sociedad Anónima Caminos y Regadíos and was renamed Sacyr in 1991.[2] The company received their first concession in 1996, which was the Chilean El Elquí highway.[3] From this moment on, it began its expansion by adding concessions in Chile and Spain and making purchases such as that of Avasa, the highway between Bilbao and Zaragoza.[4]
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.[5]
In June 2006, Isolux Corsán presented a takeover bid for Europistas at a price of 4.8 euros per share, which meant valuing the company at 646 million euros.