FCC : Additional investments in the real estate division: Realia and Metrovacesa
>12% of Realia and 6% of Metrovacesa acquired from Carlos Slim - FCC has announced that it has agreed to acquire, through its 80%-owned real estate subsidiary, FCyC, and from its main shareholder:1/ a 12.19% stake in Realia for € 105m, equivalent to € 1.05 per share; and 2/ a 5.934% stake in Metrovacesa for € 73.8m, equivalent to € 8.20 per share.These acquisitions will allow FCC to increase its stakes up to a 66.257% in Realia and up to a 21.19% in Me...Fomento de Construcciones y Contratas is the parent company of a group engaged in sanitation services, cleaning, maintaining, purification and distribution of water, construction of highways, hydraulic works, marine works, air and rail transport infrastructure, urban developments, housing, non-residential buildings, office buildings, toll highways, parking garages, marinas and water treatment plants. Co. is also engaged in the manufacture and sale of cement and cement infrastructures, such as precast concrete elements; and in the financial markets, and real estate development, leasing and tourism.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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