Sacyr to book €148m gain from BBVA stake and options sale (ES)

Sacyr Vallehermoso SA said it expects to book a €148 mln capital gain from the sale of its option on a 3.1% stake in Banco Bilbao Vizcaya Argentaria SA (BBVA) and its existing 0.471% of the bank.

Sacyr announced its decision to sell its existing 0.471% ´financial´ holding in BBVA, adding that it also does not intend to take up its option to buy an additional around 3.1%.
Source: Freeman

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