Valuable Opinions, Comments & Gossip
Latest News, Stories
& Hot Topics
Tools & Widgets to
help with finances
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Spain's construction and infrastructure company Fomento de Construcciones y Contratas SA (FCC) said Monday it has reached a deal to sell a 51% stake in its energy unit to a small Spanish investment firm.
As part of the deal, Madrid-based Plenium Partners will pay €8 Mln for the stake and will take on part of FCC's debt, FCC said in a press release. That will allow FCC to cut down its overall debt by €764 Mln.
In November, FCC had said it planned to close the year with a debt level below €6 billion, down from €6.577 billion as of Sept. 30
In the last 8 weeks two International Billionaire Finances have invested in FCC : In November it was announced how Bill Gates had taken a 6% stake in the company, whilst just last week George Soros was reported to have purchased a 3% stake.
Recommended Reading
• Spain's FCC Reports Losses For 4th Quarter in a Row
• Financier Soros Buys Into Spain's FCC
