The big construction companies have executed a wave of divestments in hopes of focusing on strategic projects and lowering their debt levels. According to experts, this debt could fall 40% to 38.2 billion euros, which is the lowest level in the sector since 2005.
The boom years are over, and now it is time to clean up the mess. FCC, Sacyr, ACS and Ferrovial finished this year with over 5.1 billion euros in sales, although they had to sell critical assets like Torre Adriá de Paris (Sacyr), Proactiva (FCC). Ferrovial and ACS sold airports.
The sale remains open considering that weak construction business has sidelined many projects.
