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In December 2014, FCC carried out a share issue worth €1 billion,<ref>{{cite web |access-date=18 December 2014 |title=The FCC capital increase |url=https://www.fcc.es/en/-/la-ampliacion-de-capital-de-fcc-se-cierra-con-una-sobredemanda-de-mas-de-9-veces}}<!-- auto-translated from Spanish by Module:CS1 translator --></ref> facilitating the involvement of business magnate [[Carlos Slim]] as a majority shareholder.<ref>{{cite web |access-date=14 January 2015 |title=Carlos Slim is the majority shareholder of FCC |url=https://www.elmundo.es/economia/2015/12/18/5673d471268e3ef7738b46f4.html}}<!-- auto-translated from Spanish by Module:CS1 translator --></ref>
In December 2014, FCC carried out a share issue worth €1 billion,<ref>{{cite web |access-date=18 December 2014 |title=The FCC capital increase |url=https://www.fcc.es/en/-/la-ampliacion-de-capital-de-fcc-se-cierra-con-una-sobredemanda-de-mas-de-9-veces}}<!-- auto-translated from Spanish by Module:CS1 translator --></ref> facilitating the involvement of business magnate [[Carlos Slim]] as a majority shareholder.<ref>{{cite web |access-date=14 January 2015 |title=Carlos Slim is the majority shareholder of FCC |url=https://www.elmundo.es/economia/2015/12/18/5673d471268e3ef7738b46f4.html}}<!-- auto-translated from Spanish by Module:CS1 translator --></ref>


FCC was charged with corruption and money laundering by Spain's [[Audiencia Nacional|High Court]] in October 2019. The charges related to bribes to secure transport and hospital contracts in Panama between 2010 and 2014.<ref>{{cite news|url=https://www.reuters.com/article/spain-fcc-court/update-2-spains-high-court-charges-builder-fcc-over-panama-contracts-idUSL8N27F60U/|title=Spain's High Court charges builder FCC over Panama contracts|newspaper=Reuters|date=31 October 2019|access-date=15 March 2024}}</ref>
FCC was charged with corruption and money laundering by Spain's [[Audiencia Nacional|High Court]] in October 2019. The charges related to bribes, totalling €82 million ($91 million), to secure transport and hospital contracts in Panama between 2010 and 2014.<ref>{{cite news|url=https://www.reuters.com/article/spain-fcc-court/update-2-spains-high-court-charges-builder-fcc-over-panama-contracts-idUSL8N27F60U/|title=Spain's High Court charges builder FCC over Panama contracts|newspaper=Reuters|date=31 October 2019|access-date=15 March 2024}}</ref>


==Structure==
==Structure==

Revision as of 13:03, 15 March 2024

Fomento de Construcciones y Contratas, S.A.
FCC
Company typeLimited Company (In Spain: Sociedad Anónima)
BMAD: FCC
ISINES0122060314 Edit this on Wikidata
IndustryConstruction, Civil engineering
Founded1900
HeadquartersBarcelona, Spain
Key people
Esther Koplowitz (Chairman)[1]
Pablo Colio Abril (CEO) [2]
RevenueIncrease €9,026.0 million (2023)[3]
Increase €1,529.6 million (2023)[4]
Increase €910.3 million (2023)[4]
Number of employees
67,000 (2023)[3]
Subsidiaries
Websitewww.fcc.es/en/

The FCC Group, formerly Fomento de Construcciones y Contratas, S. A. (currently one of the group's entities),[5] is a Spanish business group, based in Barcelona. The group is listed on the Spanish Continuous Market and was once part of the IBEX 35.

In 2021, the group was among the top 10 companies that emitted the most tonnes of CO2 equivalent in Spain with 3.5 mtCO2e.[6]

History

The business was founded in Barcelona in 1900 as Fomento de Obras y Construcciones S.A. and became known as FOCSA. In 1992 FOCSA merged with Construcciones y Contratas, a company founded in Madrid in 1944 to form Fomento de Construcciones y Contratas, S.A.[7] Its core activities are environmental services management, end-to-end water cycle management, major infrastructure construction, cement production and real estate management.[8]

Proactiva was a 50–50 joint venture formed in 1999 between Veolia Environnement and FCC,[9] until Veolia bought the other 50 percent share from FCC in 2013.[10]

In September 2006 FCC acquired the British Waste Recycling Group, excluding its landfill gas operations, from Terra Firma Capital Partners for £1.4 billion.[11][12]

In July 2013, Alpine Bau Holding GmbH, a subsidiary of FCC which had accumulated debt of €2.56 billion and placed €190 million of corporate bonds on the Wiener Börse OTC, went into administration.[13]

In August 2013, FCC sold its subsidiary Alpine Energie, a company of 3,000 employees in the German-speaking Alps that builds and maintains power plants, telecommunications, and traffic infrastructure, to Triton Partners, a private equity company, for just under €100 million ($133 million).[14]

In October 2013, Bill Gates joined the company as a shareholder with a 5.7% stake,[15] reflecting FCC's strong position in sectors linked to his vision of sustainability (Environmental Services and Water). Shortly thereafter, in December of the same year, the financier George Soros became a shareholder of the company with a 3% stake.[16]

In December 2014, FCC carried out a share issue worth €1 billion,[17] facilitating the involvement of business magnate Carlos Slim as a majority shareholder.[18]

FCC was charged with corruption and money laundering by Spain's High Court in October 2019. The charges related to bribes, totalling €82 million ($91 million), to secure transport and hospital contracts in Panama between 2010 and 2014.[19]

Structure

As of May 2022 the business was divided into the following five major divisions:[20]

  • FCC Environmental
  • Aqualia
  • FCC Construction
  • FCC Real Estate
  • Cementos Portland

Major projects

Prince Philip Museum of Science
New Europe Bridge

Major FCC construction projects have included:

Shareholders

The shareholders are as follows:[28]

FCC offices in Madrid.
Shareholder Total voting rights Direct voting rights Indirect voting rights
Business Capital Control, S.A. de C.V. 69.578% 60.583 % 8.994 % (Dominum Direction and Management)
Bill Gates 5.736 % 0.000 % 5.736 %
Esther Koplowitz 3.216 % 0.035 % 3.181 % (Nueva Samede 2016)
Nueva Samede 2016, S.L.U. 3.181 % 3.181 % 0.000 %
Carlos Slim 11.911 % 0.000 % 11.911 % (Finver Investments 2020)

References

  1. ^ "FCC Board of Directors". Retrieved 26 September 2017.
  2. ^ "Pablo Colio, new CEO of the FCC Group". 12 September 2017. Retrieved 26 September 2017.
  3. ^ a b "Annual Report 2023". FCC Group. p. 223. Retrieved 14 March 2024.
  4. ^ a b "FCC reaches 1,529.6 million euros at the end of the 2023 financial year". FCC Group. Retrieved 14 March 2024.
  5. ^ "Legal warning - FCC". www.fcc.es. Retrieved 2023-06-07.
  6. ^ "Decarbonization 2022". Observatorio de Sostenibilidad. 1 October 2022. Retrieved 6 November 2022.
  7. ^ "History 1991-1993". Fomento de Construcciones y Contratas. Retrieved 27 February 2021.
  8. ^ "FCC's portfolio is diverse and reaches all citizens".
  9. ^ "Veolia Environnement signs an agreement with FCC to own 100% of Proactiva". Veolia. Archived from the original on 29 January 2018. Retrieved 29 January 2018.
  10. ^ "The history of Veolia : 2010 - 2016". Veolia. Archived from the original on 29 January 2018. Retrieved 29 January 2018.
  11. ^ "FCC completes £1.4bn acquisition of Waste Recycling Group". letsrecycle.com. 28 September 2006. Retrieved 16 October 2012.
  12. ^ "FCC Buys Waste Recycler From Hands for 1.4 Bln Pounds". Bloomberg. 17 July 2006. Retrieved 16 October 2012.
  13. ^ Mirco Galbusera (July 8, 2013). "Austria, fallisce Alpine con buco di 2,6 miliardi". Archived from the original on May 6, 2020.
  14. ^ "Private equity firm Triton buys Alpine Energie from Spain's FCC". Reuters. 13 August 2013. Retrieved 14 November 2014.
  15. ^ "Bill Gates buys 6% of the capital of FCC". Retrieved 21 October 2013.
  16. ^ Carlos Ruano; Sonya Dowsett (14 November 2014). "Soros fund to become key shareholder in Spanish company FCC". Reuters. Thomson Reuters. Retrieved 14 November 2014.
  17. ^ "The FCC capital increase". Retrieved 18 December 2014.
  18. ^ "Carlos Slim is the majority shareholder of FCC". Retrieved 14 January 2015.
  19. ^ "Spain's High Court charges builder FCC over Panama contracts". Reuters. 31 October 2019. Retrieved 15 March 2024.
  20. ^ "FCC business areas".
  21. ^ "Torre Picasso at Emporis". Emporis GMBH. nd. Archived from the original on June 14, 2004. Retrieved 14 November 2014.
  22. ^ "AD Classics: Puerta de Europa / Philip Johnson & John Burgee". Arch Daily. Plataforma Networks Broadcasting Architecture Worldwide ArchDaily LLC. 30 September 2011. Retrieved 14 November 2014.
  23. ^ "El Museu de les Ciències Príncipe Felipe". Structurae, International Database for Civil and Structural Engineering. Wilhelm Ernst & Sohn Verlag. nd. Retrieved 14 November 2014.
  24. ^ "Torre Caja Madrid". Structurae, International Database for Civil and Structural Engineering. Wilhelm Ernst & Sohn Verlag. nd. Retrieved 14 November 2014.
  25. ^ "Potain a ajutat la ridicarea pasajului Basarab" (in Romanian). Masini si Utilaje.ro. nd. Archived from the original on 29 November 2014. Retrieved 14 November 2014.
  26. ^ "FCC inaugurates new Danube Bridge linking Bulgaria and Romania". TheCorner.eu. 14 June 2013. Retrieved 31 March 2014.
  27. ^ "Haren Prison, Belgium", Fomento de Construcciones y Contratas
  28. ^ "Official Records of the CNMV on FCC".
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