MADRID, July 29 (Reuters) - Spanish construction firm

Sacyr hired Santander and Deutsche Bank as financial

advisers to find a partner for new unit Voreantis as a way to

raise cash and better compete with larger rivals for contracts

in countries such as the United States, a company source told

Reuters on Monday.

The motorway concession company plans to sell 49% of

Voreantis, in which it has placed all its current assets, aiming

to raise 800 million euros ($872 million), Sacyr's Chief

Financial Officer Carlos Mijangos told Reuters earlier this

month.

Sacyr's financial advisers will formally contact investors

in September to begin the process and the company expects to

close a deal by the end of 2025, the CFO said. More than 10

funds have already approached Sacyr, Mijangos added.