Acciona's chairman Jose Manuel Entrecanales has denied the company has plans to sell its non-strategic assets 'in the short term'. Local press reported yesterday that Acciona has hired the asset management firm Lazard to advise the builder on the eventual sale of non-strategic assets such as Transmediterranea and its property division. According to a press article, the builder would sell the assets to finance its recently acquired 20% stake in peer Endesa for EUR 9 bn.
Acciona's chairman Jose Manuel Entrecanales has denied the company has plans to sell its non-strategic assets 'in the short term'. Local press reported yesterday that Acciona has hired the asset management firm Lazard to advise the builder on the eventual sale of non-strategic assets such as Transmediterranea and its property division. According to a press article, the builder would sell the assets to finance its recently acquired 20% stake in peer Endesa for EUR 9 bn.
Speaking to reporters after accepting an award at the engineering academy in Spain, Entrecanales repeated that Acciona plans to maintain its stake in the utility, but said it also depends on 'if we have influence in the management of the company'. 'We do think that we will be able to influence the strategic evolution of the company,' he added.
The Spanish property company has been awarded a 10.47 mln contract for a development in Santa Cruz de Tenerife on Wednesday. The project is be completed in the next two years, the website Finanzas.com has reported.
