MADRID, Oct 11 (Reuters) – Ferrovial ( FER.MC ) has reached an agreement to sell Amey Plc, its infrastructure services and engineering business in Britain, to acquire funds One Equity Partners and Buckthorn Partners, the Spanish company said on tuesday.
With an enterprise value of 400 million pounds ($441 million), the estimated equity value of the deal will be around 245 million pounds, Ferrovial said in a statement.
The transaction is subject to regulatory approvals, but the company expects to complete it before the end of the year.
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“The deal effectively completes the sale of the services business,” Ferrovial Chief Executive Ignacio Madridejos said.
The Spanish construction company will retain only its waste treatment business in the United Kingdom, along with road maintenance activities in the United States and an energy services unit in Spain.
In February, Ferrovial sold its infrastructure operation and maintenance business in Spain for 107.6 million euros ($104.4 million).
($1 = 0.9065 pounds)#
($1 = 1.0304 euros)
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Reporting by Corina Pons Editing by David Latona and Mark Potter
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