MADRID, July 29 Spanish builder Sacyr reported a 4.4 percent increase in first-half net profit on Friday and said it had paid off some of the loan financing its 8.4 percent stake in oil major Repsol through proceeds from sales of assets.
Sacyr said it reduced debt linked to the Repsol stake by 344 million euros ($382 million) in the first half to stand at 1.31 billion euros at end-June. Total net debt stood at 4.13 billion euros. It valued its stake in Repsol at 15.6 euros per share, a premium to Friday's stock market price of 11.3 ...
11:20 PE firm Warburg buys $121 million stake in Indian cinema operator PVR16
09:59 Spanish banks up provisions as mortgage floor hit tops 3 bln euros2
01:45 Japanese shares fall 1% as yen strengthens, Samsung presser announcements ahead17
04:18 NAB, Oxley to sell stakes in Cambridge Industrial manager to e-Shang Redwood17