FCC shareholder Carlos Slim readies for full takeover as regulator probes control
Fomento de Construcctiones y Contratas (FCC) shareholder Carlos Slim is getting ready to make a full takeover offer, El Confidencial reported without citing sources. According to the item, the operation would be a logical suit to the capital increase approved in December. The potential offer would be at the price of the new shares to be issued now, at EUR 6 per share.
The Spanish securities market regulator CNMV has been for some time probing whether Slim’s deals with the Koplowitz family in FCC are evidence of an effective control of the company, which would trigger a compulsory offer from Slim’s investment vehicle Inversora Carso.
Inversora Carso has been acquiring shares of FCC in the past two weeks and currently holds more than 26%, according to the Spanish-language report.
FCC stock closed on Tuesday at EUR 6.83.
El Confidencial