Corporate finance: Brufau steers Repsol away from risk
Antonio Brufau: Biography
What is your understanding of Sacyr Vallehermoso’s intentions with regards to its 20% stake in Repsol YPF?
In August, Sacyr Vallehermoso, faced with huge debt, decided to analyse the selling price of its assets. Sacyr then put motorway company Itinere, real estate company Testa, and its stake in Repsol up for sale. My understanding is that it will sell the motorway business and retain the stake in Repsol: it considers the energy sector more strategic than the motorway sector. [Following this interview, Sacyr subsequently sold Itinere to Citigroup for €7.9 billion at the...
