Sacyr Explores Divestments to Accelerate Strategic-Plan Goals

Spanish infrastructure firm Sacyr SA said it would explore divestments, including the sale of 49% of its services unit, to focus on its core concession business and fast-track its goal to cut debt.

The company will also seek an investment partner for 49% of Sacyr Water to speed up the unit’s growth, the firm said in a filing with regulators Wednesday. Sacyr said it will continue to “rotate” non-strategic or minority stakes in its public-private partnership, or P3, assets to balance its portfolio geographically.

“Sacyr expects these different operations to be concluded in the next year, with the end goal ...