CaixaBank Buys 2.5% of FCC

7/04/2014 – Expansion

Caixabank has come to an agreement with Eurocis, run by the Aguinaga family, and acquired 5.1% of the stake in Fomento de Construcciones y Contratas (FCC). The holding belonged to B-1998 that owns 50.0286% of the entire capital. As a consequence, the bank holds now a 2.5% share in the construction firm.

B-1998 S.L., is in turn held in majority by Esther Koplowitz through Dominum Dirección y Gestión S.L. (DDG). Caixabank signed a shareholder agreement that includes investment, divestment and partnership commitment.

This way, La Caixa joins the two multi-millionaires who have recently bet on FCC: Bill Gates (a 6% holding acquired for €113.5 million) and George Soros (3.8%).

FCC appreciated on the stock market by 2.59% up to €16.45 a share.


Original article: Expansión

Translation: AURA REE