Sacyr : Addendum to our report published on 9 October
After our update (Special Comment) on Sacyr on 9 October, we had another call with the company, following which we would like to clarify two points. - >Cash linked to the Pedemontana-Veneta project - There has been some misunderstanding in our previous discussions with the company related to the cash in the construction division that is related to the Pedemontana-Veneta project and therefore not available: Sacyr told us that the related cash is EURÂ 1,369bn, instea...Sacyr is the parent company of a group engaged in the acquisition, development and construction of urban properties for their subsequent rental or resale. Co. primarily leases and sells office buildings and complexes, housing units, and shopping centers. Co. is also engaged in the operation of urban car parking facilities. Co. offers services related to the real estate industry such as technical assistance in energy savings, inventory management, architectural design, telecommunications management, property maintenance, as well as gardening and landscaping. Co. also provides consulting services in the real estate fund management sector.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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