Sacyr is undertaking significant changes to bolster its financial health and corporate structure. These include the planned separation of the roles of chairman and CEO by 2025, the appointment of two new independent female board members, and limitations on the chairman's voting power. These measures are intended to attract international investment.
A crucial part of Sacyr's strategy involves the sale of its Valoriza Servicios Medioambientales and Sacyr Facilities subsidiaries. The anticipated proceeds (estimated at €500-600 million) will primarily be used to reduce the company's €644 million recourse debt. This will lead to a leaner, though smaller, company with a reduced workforce.
Despite the asset sales, Sacyr maintains a robust portfolio of future revenue (€47.6 billion), making it a major global concessions firm. The company will continue expanding into new concessions in Italy, Colombia, and Paraguay, with a focus on areas such as water management and infrastructure development. Challenges remain, including the CNMC fine and reduced traffic in some concession areas.