June 10 (Reuters) - Sacyr SA SCYR.MC:
REACHES AGREEMENT FOR SALE OF THREE COLOMBIAN CONCESSION ASSETS
TRANSACTION AMOUNTS TO TOTAL OF US $1.6 BILLION, OF WHICH THE EQUITY AMOUNTS TO US $318 MILLION
DIVESTED ASSETS ARE UNION VIAL RIO PAMPLONITA, DESARROLLO VIAL AL MAR AND CONCESIONARIA VIAL UNION DEL SUR
TRANSACTION WILL HAVE IMPACT ON CO’S CASH FLOW STATEMENT DUE TO CASH INFLOW OF US $318 MILLION
TRANSACTION WILL GENERATE NEGATIVE ACCOUNTING IMPACT FOR SACYR OF ABOUT 65 MILLION EUROS
SACYR IS ENTITLED TO RECEIVE VARIABLE AMOUNTS (EARN-OUTS) VALUED AT ABOUT US $70 MILLION
TRANSACTION EXPECTED TO TAKE PLACE DURING H2 2025
Source text: ID:nCNM539BBC
Further company coverage: SCYR.MC
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