Ferrovial strikes deal to sell Amey for €455m

(Photo: Ferrovial website)

Ferrovial has reached an agreement for the sale of 100% of the Amey Group in the UK — almost completing the divestment of its former Services division.

UK-based investment firm Buckthorn Partners and One Equity Partners have partnered for the £400 million (€455 million) acquisition with an estimated equity value of approximately £245 million (€278 million).

Amey provides a range of critical services in the UK, including infrastructure maintenance and upkeep, as well as consulting and facility management.

The deal does not include Amey’s waste treatment business, which Ferrovial will retain within its Energy Infrastructure and Mobility Division.

Ignacio Madridejos, CEO of Ferrovial said, “This transaction represents a step forward in our Horizon 24 business plan, focused on developing sustainable infrastructure to continue creating value for our shareholders, and the communities in which we operate. The deal practically concludes the divestment of the Service business.”

The final completion of the deal is reported to be subject to regulatory clearances and is expected to take place in 2022.