Vallehermoso acquires Prosacyr for EUR 115 mln

Vallehermoso SA will acquire real estate company Prosacyr for EUR 115 mln. Prosacyr belongs to construction company Sacyr, which owns 23.5% of Vallehermoso.

The transaction would not dilute VallehermosoÂ's cashflow or profits. Prosacyr should report profits of EUR 10.1 mln in 2002 and EUR 22 mln in 2003.

(source: Vallehermoso)

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