Sacyr Vallehermoso is a leading Spanish

Spain

Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

 construction company based in Madrid

Madrid

Madrid is the capital and largest city of Spain. The population of the city is roughly 3.3 million and the entire population of the Madrid metropolitan area is calculated to be 6.271 million. It is the third largest city in the European Union, after London and Berlin, and its metropolitan...

. It is publicly-traded

Public company

This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...

 and is part of the IBEX 35

IBEX 35

The IBEX 35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles , the company which runs Spain's securities markets...

 market value-weighted

Market value-weighted index

A capitalization-weighted index is an index whose components are weighted according to the total market value of their outstanding shares. Also called a market-value-weighted index...

 stock market index

Stock market index

A stock market index is a method of measuring a section of the stock market. Many indices are cited by news or financial services firms and are used as benchmarks, to measure the performance of portfolios such as mutual funds....

.

History

The company was founded in 1986 as Sociedad Anónima Caminos y Regadíos and was renamed Sacyr in 1991. In 2002 it acquired 24.5% of Vallehermoso, a leading Spanish

Spain

Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

 housing business founded in 1921. In 2003 it merged with Vallehermoso to form Sacyr Vallehermoso.

Structure

The business has the following divisions:

• Sacyr (construction)
• Vallehermoso (housing)
• Itinere (concessions)
• Testa (property rental)
• Valoriza (services)

Major projects

Major projects involving the business include the Torre Sacyr Vallehermoso

Torre Sacyr Vallehermoso

The Torre PwC, formerly Torre Sacyr Vallehermoso, is a 52-floor 236 metre tall skyscraper, completed in 2008, located in Madrid, Spain. Torre Sacyr Vallehermoso is one of four buildings in the Cuatro Torres Business Area...

 completed in 2008..

Shareholdings

Sacyr Vallehermoso is the largest shareholder in the Spanish oil company Repsol YPF

Repsol YPF

Repsol YPF, S.A. is an integrated Spanish oil and gas company with operations in 29 countries...

, holding an approximate 20% stake.