PARIS (Reuters) - Spanish construction company Sacyr Vallehermoso (SVO.MC: Quote, Profile, Research) does not have to make an offer for French public works group Eiffage (FOUG.PA: Quote, Profile, Research) as Sacyr no longer owns Eiffage shares, French market regulator AMF said on Monday.

Sacyr last week sold its 33 percent stake in Eiffage for 1.92 billion euros ($3 billion) to French institutional investors as it could not gain control of Eiffage, drawing a line under the Spanish builder's ill-fated push into France.

Reversing an earlier ruling, AMF said in a statement a public offer was no longer needed as Sacyr had sold its stake and a French court ruled this month that an offer was not necessary.

AMF said last year that Sacyr had to make a public offer for Eiffage under French regulations, and Eiffage minority shareholders said last week they might still pursue legal action to force Sacyr to make an obligatory public offer.

(Reporting by Gilbert Kreijger; Editing by Braden Reddall)