FCC Reaches No Agreement With Soros & Turns to Carlos Slim

25/11/2014 – Expansion

Black clouds returned on FCC’s sky. When just a signature was missing on the agreement document allowing George Soros to take a 25% share in the contractor, out of the blue FCC announced the negotiations misfired and now it was in talks with Mexican investor Carlos Slim (pictured).

Mr. Soros was at the verge of buying all the pre-emptive rights of Esther Koplowitz in the upcoming €1 billion capital increase. The transaction would leave Esther Koplowitz with a 25% stake, instead of the current 50%.

The sudden break with Soros caused the contractor to fall on the stock exchange market by 3%.

As FCC informs, ‘the capital hike approved by the latest general shareholders’ meeting is now being exclusively dealt with Control Empresarial de Capitales, a company owned by Inmobiliaria Carso, which in turn belongs to the Slim family‘.


Original article: Expansión (by M. L. V.)

Translation: AURA REE