Radar > 223154

Isolux accelerates divestment

Isolux acelera su desinversión

Isolux acelera seu desinvestimento

Intel ID : 223154
Synopsis

Spanish group Isolux decided to carry out a divestment form EUR 250m, to reduce debt. Some of the assets would include its subsidiary of concessions Isolux Infrastructure. Another option would be to sell some of the assets in its portfolio of concessions, which includes highways, high-tension and renewable energies and parking lots.

The company expects to materialize these sales until July of this year. Regarding divestments, Isolux offered a sale option to fund Oak Hill, which last year invested EUR 100m to grow its business.

The company's business figure decreased by 17% last year, which represents losses of EUR 39m compared with EUR 7m in profit the previous year.
(content in spanish)

El grupo español Isolux ha decidido llevar a cabo una desinversión de EUR 250m para reducir su deuda. Entre los activos que formarían parte del proceso destaca su filial de concesiones Isolux Infrastructure. Otra opción sería desprenderse de alguno de los activos de su cartera de concesiones, formada por autopistas, redes de alta tensión, renovables y aparcamientos.

La compañía espera ver materializada estas ventas para julio de este año. En materia de desinversiones, el movimiento más reciente de Isolux ha sido la opción de venta de los aparcamientos al fondo Oak Hill, que el año pasado aportó 100 millones para crecer en este negocio.

La cifra de negocio cayó un 17% el pasado año, traducido en pérdidas de 39 millones frente a un beneficio de 7 millones un año antes.
(content in portuguese)

O grupo espanhol Isolux, após os resultados do último exercício, decidiu realizar um desinvestimento de EUR 250m para reduzir sua dívida. Entre os ativos que formariam parte do processo se destaca sua filial de concessões, Isolux Infrastructure. Outra opção seria se desfazer de alguns ativos de sua carteira de concessões, formada por rodovias, redes de alta tensão e de energia renováveis e estacionamentos.

A empresa espera ver materializada essas vendas em julho deste ano. Em matéria de desinvestimento, o movimento mais recente da Isolux foi a opção de venda dos estacionamentos ao fundo Oak Hill, que no ano passado aportou EUR 100m para crescer neste negócio.

A cifra de negócio caiu 17% no ano passado, o que representa uma perda de EUR 39m frente a um lucro de EUR 7m um ano antes.

Relevant Documents


Intel ID 223154
Value ND
Native Currency Euro (EUR)
Financial Data - Isolux Corsán
(31 Dec 2018)
Revenue: EUR 220,16m
Net Debt: EUR 3.043,46m
People: 874
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Construction (Materials and Machinery) (Primary)
Infrastructure / Roads and Highways
Energy and Renewable Energies / Solar
Primary Sector (TTRSC)
35.03.03 Construction & Engineering (Non Residential)
35 Industrials / 35.03 Construction & Engineering

Secondary Sectors (TTRSC)
20.04.07 Renewable Energy Equipment
20 Energy & Utilities / 20.04 Renewable Energy

35.03.05 Homebuilders (Residential)
35 Industrials / 35.03 Construction & Engineering

35.09.05 Toll Bridges, Roads & Highways
35 Industrials / 35.09 Transport Infrastructure

Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Infrastructure / Roads and Highways (Primary)
Primary Sector (TTRSC)
35.09.05 Toll Bridges, Roads & Highways
35 Industrials / 35.09 Transport Infrastructure

Country
Website
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.