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HomeLatest NewsFerrovial completes the sale of its subsidiary in the United Kingdom Amey...

Ferrovial completes the sale of its subsidiary in the United Kingdom Amey for 301.3 million

Date: January 28, 2023 Time: 22:53:28

Ferrovial has completed this Friday the sale of 100% of its subsidiary in the United Kingdom Amey. The purchase was made by a British company controlled by One Equity Partners and Buckthorn Partners, for a total of 301.3 million euros (264.6 million pounds), almost 155 million less than the 455 million euros estimated its value.

As reported by the company to the National Securities Market Commission (CNMV), of the 301.3 million euros of net consideration, 128.5 million euros (112.8 million pounds) were paid in cash. 172.8 million euros (151.8 million pounds), repayable in the next 5 years with interest of 6% per year, which will increase to 8% after the third year.

Specifically, the expected capital gain from the sale corresponding to the year ended December 31, 2022 is 55 million euros. With this divestment, Ferrovial practically completes the sale of its old Services division, a process that has already advanced and would be carried out in 2018.

Within the framework of the operation, which has been closed within the established deadlines, Ferrovial retains, as previously announced, the waste treatment activity, which will be integrated into its Energy Infrastructure and Mobility division. These facilities have a staff of 557 workers and manage around one million tons per year.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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