New divestment of Ferrovial to focus on the construction sector. The construction and services company of the Del Pino family announced this Tuesday that it has sold its British services division, Amey, to a company controlled by two funds, One Equity Partners and Buckthorn Partners, for 455 million euros (400 million euros). of pounds).
The Spanish group has obtained a capital gain of 50 million euros with the divestment. The value of the company has been set at around 278 million euros (245 million pounds). The rest is debt. In fact, the final price will be adjusted to the net debt and working capital on the closing date, when the relevant authorizations are received.
Amey provides critical services in the UK such as infrastructure maintenance, consultancy and facility management. Ferrovial keeps the waste treatment division, as it had already announced.
Amey has 11,000 employees and annual sales of 1,647 million euros. In 2021, it obtained a profit of 51.5 million euros and its current portfolio stands at 7,290 million.
For Ignacio Madridejos, CEO of Ferrovial, "this operation represents a step forward in our Horizon 24 plan, which focuses on the development of sustainable infrastructures to continue creating value for our shareholders".
With this divestment, Ferrovial says goodbye to practically its entire services division, after the sale of environment and infrastructure services in Spain, Portugal and Broadspectrum, with operations in Australia and New Zealand; urban cleaning contracts in the United Kingdom and the Oil business
