The Sacyr Vallehermosos Group has reached 30.7% of the shares of Eiffage representing 31.8% of the voting rights whereby it has become the leading shareholder of the French construction group. Sacyr Vallehermoso has acquired 13,759,882 Eiffage shares, for a total of €1,661 million.
This investment responds to Sacyr Vallehermosos goal of becoming Eiffages significative shareholder. SyV does not entail any arranged transactions, nor does it intend to take control of Eiffage or launch a Tender Offer for its shares.
SyV has requested Eiffages Board of Directors to include on the agenda for the Annual General Shareholders Meeting, to be held this coming April 19, an expansion of the Board with the appointment of four new directors representing its stake in the stock.
As reference shareholder of Eiffage, SyV declares that all of its activities with respect to the company will be geared towards favoring its interests.
Source: Sacyr Vallehermoso