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The Board of Directors of the FCC Group has approved in its meeting held today, May 16, the project for the partial financial split of FCC in favor of a new company called Inmocemento, which will integrate the Real Estate and Cement business areas.
Madrid, May 17, 2024.- The Board of Directors of the FCC Group has approved in its meeting held today, May 16, the project for the partial financial spin-off of FCC in favor of a new company called Inmocemento, which will integrate the areas of Real Estate and Cement business. This operation will be submitted for approval to the General Meeting of Shareholders of FCC, which will be held on June 27. The assets divided by FCC, which will be transferred to Inmocemento, are made up of the shares that FCC has in FCYC and Cementos Portland Valderrivas, 80% and 99%, respectively. Through this operation, FCC shareholders will receive the same number of Inmocemento shares as those they have in FCC, and will become listed on the stock market independently, which will provide shareholders with greater flexibility in the management of their investment. . With all this, the aim is to differentiate the strategy, management and valuation of the new group with respect to FCC and to facilitate the perception and maximization of separate value of both groups by the markets. It is expected that the spin-off process may be completed before the end of the year.
Contact Contact name: FCC Contact description: FCC Contact phone: 91 359 54 00
