Sacyr open to all 'possibilities' for Eiffage, including offers for stake UPDATE |
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Published
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Wed, 14 Nov 2007 13:59
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(Updates with further quote from Del Rivero on E.ON, Endesa)MADRID (Thomson Financial) - Sacyr Vallehermoso SA chairman Luis del Rivero said the group is open to all 'possibilities' with regard to finding a solution to the current situation affecting the constructor and its French affiliate Eiffage.Rivero said these possibilities included 'any offer' for its 33 pct stake in the French builder. Analysts are currently giving Eiffage a price target of 109.00 eur per share, Del Rivero added.Earlier, local press reported Sacyr is willing to sell its stake at more than 80 eur per share, and could raise up to some 3.0 bln eur with the disposal.Sacyr has been embroiled in a long battle for control of Eiffage with stock market regulator AMF.It is appealing an AMF ruling that obliges it it to launch a full bid for Eiffage at 129 eur per share after accusing the Spanish builder of collusion among shareholders in its bid for control of Eiffage.Del Rivero reiterated that Sacyr has not been involved in any collusion activities.tfn.europemadrid@thomson.comccs/ccs/jdy/amCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Sacyr declines comment on rumours selling Eiffage, reducing Repsol YPF stakes 