Fomento de Construcciones y Contratas

Fomento de Construcciones y Contratas, S.A. (Spanish pronunciation: [foˈmento ðe konstɾukˈθjones i konˈtɾatas]), or FCC, is a leading Spanish construction company based in Barcelona. It is publicly traded and is part of the IBEX 35. Until November 2014 over 50% of the shares were owned by a company controlled by the daughter of its founder, Esther Koplowitz and others, when George Soros bought around 25 percent of her rights to acquire shares.

Fomento de Construcciones y Contratas, S.A.
Sociedad Anónima
Traded asBMAD: FCC
ISINES0122060314 
IndustryConstruction, civil engineering
Founded1900
HeadquartersBarcelona, Spain
Key people
Carlos Jarque (Chairman and CEO)
Revenue€11.152 billion (2012)[1]
€753 million (2012)[1]
€(1,028) million (2012)[1]
Number of employees
92,290 (average, 2010)[2]
SubsidiariesFCC Environment
Websitewww.fcc.es

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..

Proactiva was a 50-50 joint venture formed in 1999 between Veolia Environnement and FCC,[3] until Veolia bought the other 50% share from FCC in 2013.[4]

In September 2006 FCC acquired the British Waste Recycling Group, excluding its landfill gas operations, from Terra Firma Capital Partners for £1.4 billion.[5][6]

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.[7]

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).[8]

In November 2014, FCC shared that American business magnate George Soros will become a key shareholder.[9]

In March 2015, it was announced that Mexican business magnate Carlos Slim will also be a minority shareholder in the company.[10][11]

Structure

As of November 2014 the business is divided into the following three major divisions:[12]

  • FCC Environmental services like Urban related services (Versia)
  • FCC Water
  • FCC Infrastructure, including subdivisions construction, cement, concessions, industrial (includes energy distribution networks, mining and biofuel, oil and gas pipelines for Repsol, CLH, Gas Natural Fenosa and Enagás.) and real estate (Realia)

Major projects
The Prince Philip Museum of Science
The New Europe Bridge

Major FCC construction projects have included:

References
  1. "Preliminary Results 2012". FCC website. FCC. Retrieved 31 March 2013.
  2. "Annual Report 2010" (PDF). FCC Financial information website. FCC. Retrieved 22 April 2011.
  3. "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.
  4. "The history of Veolia : 2010 - 2016". Veolia. Archived from the original on 29 January 2018. Retrieved 29 January 2018.
  5. "FCC completes £1.4bn acquisition of Waste Recycling Group". letsrecycle.com. 28 September 2006. Retrieved 16 October 2012.
  6. "FCC Buys Waste Recycler From Hands for 1.4 Bln Pounds". Bloomberg. 17 July 2006. Retrieved 16 October 2012.
  7. Mirco Galbusera (July 8, 2013). "Austria, fallisce Alpine con buco di 2,6 miliardi". Archived from the original on May 6, 2020.
  8. "Private equity firm Triton buys Alpine Energie from Spain's FCC". Reuters. 13 August 2013. Retrieved 14 November 2014.
  9. Carlos Ruano; Sonya Dowsett (14 November 2014). "Soros fund to become key shareholder in Spanish company FCC". Reuters. Thompson Reuters. Retrieved 14 November 2014.
  10. Fiona Maharg-Bravo (5 March 2015). "Carlos Slim buys Spanish real estate on the cheap". Retrieved 12 April 2015.
  11. "Carlos Slim dives into ailing Spanish economy, takes over troubled companies". Fox News Latino. March 10, 2015. Retrieved 12 April 2015.
  12. "Business areas". FCC. nd. Retrieved 14 November 2014.
  13. "Torre Picasso at Emporis". Emporis GMBH. nd. Retrieved 14 November 2014.
  14. "AD Classics: Puerta de Europa / Philip Johnson & John Burgee". Arch Daily. Plataforma Networks Broadcasting Architecture Worldwide ArchDaily LLC. Retrieved 14 November 2014.
  15. "El Museu de les Ciències Príncipe Felipe". Structurae, International Database for Civil and Structural Engineering. Wilhelm Ernst & Sohn Verlag. nd. Retrieved 14 November 2014.
  16. "Torre Caja Madrid". Structurae, International Database for Civil and Structural Engineering. Wilhelm Ernst & Sohn Verlag. nd. Retrieved 14 November 2014.
  17. "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.
  18. "FCC inaugurates new Danube Bridge linking Bulgaria and Romania". TheCorner.eu. 14 June 2013. Retrieved 31 March 2014.
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