Control of FCC goes to Mexican billionaire

摘要

Mexican billionaire Carlos Slim has taken control of Spanish construction and infrastructure group FCC, having agreed a deal with B 1998, the company through which Esther Koplowitz previously held 50.02% of the company. The deal was made through Control Empresarial de Capitales SA de CV, which belongs to Mr Slim's family. The acquisition by Mr Slim came about through a € 1 billion (US$ 1.26 billion) equity issue by FCC. The 133 million shares were bought by Mr Slim's company at a price of € 7.5 (US$ 9.45) each. In addition, Mr Slim bought share subscription rights from B 1998 to take his holding in FCC above 50%. The capital increase was said by FCC to represent the culmination of its financial and operational stabilisation process. Some € 765 million (US$ 964 million) of the proceeds will be used to pay-down high interest debt.