Sacyr closes capital increase for €222m without pre-emptive subscription rights: Advisors
Sacyr, a world leader in the infrastructure concessions sector, has announced the launch of a cash capital increase excluding pre-emptive subscription rights through the issue of up to 66,670,077 new ordinary shares, representing approximately 9.6% of its share capital, belonging to the same class and series as the shares currently outstanding.
The Capital Increase has been approved by the Board of Directors of the Company, at its meeting held on 28 February 2024, in exercise of the delegation conferred by the Ordinary General Meeting of Shareholders held on 15 June 2023.
The Capital Increase will be carried out by way of a private placement through an accelerated solicitation process aimed exclusively at qualified investors. J.P. Morgan and Société Générale will act as Joint Global Coordinators and Joint Bookrunners together with Banco Santander, S.A. and CaixaBank, S.A. as Joint Bookrunners.
Clifford Chance has advised Banco Santander, CaixaBank, S.A., JP Morgan SE and Société Générale with a team led by English Global Financial Markets Partner Antonio Henriquez, with the support of Senior Associate Francisco Pizarro and Associate Mariana Ceballos as to matters of Spanish law. The team was completed by Senior Associate James Koessler on the English law workstream (London) and Partner George Hacket (Frankfurt) and Counsel Laura Scaglioni (Milán) on the US law workstream.
Linklaters has advised Sacyr with a team led by Federico Briano, Pablo Medina and Íñigo Berrícano, with support from Alvaro Albors and Santiago García Parga.
