February 11, 2020 / 3:04 PM / 7 days ago

Sacyr divests a further 47.5% stake in highway Autopista del Guadalmedina

MADRID, Feb 11 (Reuters) - Spanish construction company Sacyr has agreed to sell a 47.5% stake in Autopista del Guadalmedina, an Andalusian highway it operates, to Paris-based asset manager Mirova, Sacyr told Spain’s market regulator in a filing on Tuesday.

This is the second 47.5% stake Sacyr has sold, after selling the same portion to investment fund Aberdeen Infrastructure last October.

Together, the divestitures represent 95% of the highway. They will bring in about 455 million euros ($496.7 million), producing a capital gain of around 80 million euros, according to the filing.

Sacyr will continue to manage and operate the Autopista del Guadalmedina.

Mirova is affiliated to French bank Natixis

$1 = 0.9160 euros Reporting by Clara-Laeila Laudette; Editing by Inti Landauro and Pravin Char

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