US EditionFCC sells 25% of environmental subsidiary to CPP Investments for €1 billion
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The Spanish construction company FCC, in which the Mexican businessman Carlos Slim has a majority stake, concluded an agreement with the Canadian CPP Investments to sell a 25% stake in its subsidiary FCC Enviro in exchange for 1.000 million euros, about 1.160 million dollars. After the agreement between the two companies was announced, the participation in Enviro was constituted with 50.01% of the shares in the hands of FCC and 49.99% in the pos…
FCC sells 25% of environmental subsidiary to CPP Investments for €1 billion
The Corner Intermoney | The company (Buy, PO €14.5) announced yesterday after the market closed an agreement with the investment fund CPP Investments whereby the latter will acquire 25% of the capital of the environmental services subsidiary for €1 billion. CPP had already held 25% of this business since 2023, although FCC reports that it will continue to hold the majority of the shareholding with 50.01%, compared to 49.99% held by the...
The group controlled by Carlos Slim will maintain a 50.01%, while the fund will raise its share to 49.99%. More information: FCC wins a contract of 1.7 billion euros for the New York subway
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