Ecija is advising Fomento de Construcciones y Contratas (FCC) in the framework of the announced partial financial spin-off of its real estate and cement business for 1,596 million euros in favour of Inmocemento, a newly created company set up for this purpose, which is expected to be listed on the Spanish stock exchanges in the fourth quarter of 2024.
The assets spun off from FCC, which will be transferred to Inmocemento, consist of FCC’s stakes in FCYC and Cementos Portland Valderrivas, 80% and 99%, respectively.
Through this transaction, FCC shareholders will receive the same number of shares in Inmocemento as they hold in FCC, and they will be listed independently, allowing shareholders greater flexibility in managing their investment.
The transaction is led by Alberto Alonso Ureba, Antonio Roncero and Miguel Sánchez, partners pictured, with the participation of Marina Torres, Luis Gimeno, Laura Aparicio, Alfonso Peña and Javier Pereña.
