Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Sacyr in Talks to Sell Water Unit to Marubeni, Expansion Says

Jan. 16 (Bloomberg) -- Sacyr Vallehermoso SA is in advanced talks to sell its Portuguese water unit to Japan’s Marubeni Corp., Expansion newspaper reported without saying how it got the information.

The unit’s assets and debt are estimated to be valued at about 250 million euros ($340.3 million), the newspaper said, citing unidentified people in the water industry.

Marubeni has already informed European competition authorities of the deal in which a Japanese investment fund will also participate, Expansion said.

A spokesman for Sacyr declined to comment when contacted by Bloomberg News. A call to Marubeni’s Madrid office wasn’t immediately answered.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.