Spain’s FCC to increase stake in Cementos Portland

Spanish construction company, FCC, is increasing its controlling stake in Spanish cement company Cementos Portland, from its current 69.8% to 78%, thanks to the conversion into shares of a €100 million. loan FCC granted to the cement company in October 2012. The operation, which is due to be approved by shareholders on 29 April, 2014, will be carried out via a capital increase, and will strengthen FCC's position in the cement company.
March 31, 2014 Read time: 1 min

RSSSpanish construction company, 3799 FCC, is increasing its controlling stake in Spanish cement company 939 Cementos Portland, from its current 69.8% to 78%, thanks to the conversion into shares of a €100 million.

loan FCC granted to the cement company in October 2012.

The operation, which is due to be approved by shareholders on 29 April, 2014, will be carried out via a capital increase, and will strengthen FCC's position in the cement company.

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