Report
Ana Arjona-Martinez ...
  • Antonio Rodriguez Vicens

FCC : Takeover bid for 7% of its own shares at €12.50 per share: 35% premium

>Partial takeover bid on own shares, with no intention to exclude the company from the market - FCC has announced that it is calling an EGM to approve launching a partial takeover bid over its own shares. The main features of such bid would be: 1/ a price offered of € 12.50 per share; 2/ the bid will be launched for a maximum of 7% of the total shares; 3/ the offer is fully in cash; 4/ the main shareholders, linked to the Slim family, holding a tot...
Underlying
Fomento de Construcciones y Contratas S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ana Arjona-Martinez

Antonio Rodriguez Vicens

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