Sacyr has closed the deal to sell its entire stake in three operational P3 assets in Colombia to an entity controlled by Actis Long Life Infrastructure Fund 2. The three assets, which are fully operational, are Unión Vial Río Pamplonita (Pamplona-Cúcuta Highway), Desarrollo Vial al Mar (Autopista al Mar 1) and Concesionaria Vial Unión del Sur (Rumichaca Pasto Highway).

This transaction was announced last June, amounts to a total value of $1,565 million, including debt and equity.

This transaction underscores the value of Sacyr's assets, with the amount of the sale being 12% above the valuation provided in the Investor Day 2024.

This transaction will have a very positive impact on the Company’s Cash Flow Statement due to the cash inflow of $332 million.

Sacyr could receive variable amounts (earn-outs) valued at approximately $70 million, with a positive accounting and cash impact depending on the success of different claims currently in process, possible positive impact on the group's accounting and cash flow.

Fast-tracking growth

This divestment, in line with Sacyr's standard asset rotation strategy, strengthens the balance sheet to accelerate the company's growth plan, which expects to triple its equity and asset valuation by 2033.

In addition, it aligns with the company’s goal of balancing the geographic distribution of its current project portfolio.

Activities in Colombia

Following this divestment, Sacyr will maintain its activities in Colombia, operating three assets: Puerta de Hierro Highway (in operation), Buenaventura-Loboguerrero-Buga Road Corridor and the Restoration of the Degraded Canal del Dique Ecosystems, with the latter two being in the development phase.