Fomento de Construcciones y Contratas

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Fomento de Construcciones y Contratas, S.A.
Type Sociedad Anónima
Traded as BMADFCC
Industry Construction, civil engineering
Founded 1900
Headquarters Barcelona, Spain
Key people Baldomero Falcones (Chairman and CEO)
Revenue €11.152 billion (2012)[1]
Operating income €753 million (2012)[1]
Profit €(1,028) million (2012)[1]
Employees 92,290 (average, 2010)[2]
Subsidiaries FCC Environment
Website www.fcc.es

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.

History[edit]

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..

In September 2006 FCC acquired the British Waste Recycling Group, excluding its landfill gas operations, from Terra Firma Capital Partners for £1.4 billion.[3][4]

In August 2013, it 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).[5]

In November 2014, FCC shared that George Soros will become a key shareholder.[6]

Structure[edit]

As of November 2014 the business is divided into the following three major divisions:[7]

  • 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[edit]

The Prince Philip Museum of Science
The New Europe Bridge

Major FCC construction projects have included:

References[edit]

  1. ^ a b c "Preliminary Results 2012". FCC website. FCC. Retrieved 31 March 2013. 
  2. ^ "Annual Report 2010". FCC Financial information website. FCC. Retrieved 22 April 2011. 
  3. ^ "FCC completes £1.4bn acquisition of Waste Recycling Group". letsrecycle.com. 28 September 2006. Retrieved 16 October 2012. 
  4. ^ "FCC Buys Waste Recycler From Hands for 1.4 Bln Pounds". Bloomberg. 17 July 2006. Retrieved 16 October 2012. 
  5. ^ "Private equity firm Triton buys Alpine Energie from Spain's FCC". Reuters. 13 August 2013. Retrieved 14 November 2014. 
  6. ^ Carlos Ruano; Sonya Dowsett (14 November 2014). "Soros fund to become key shareholder in Spanish company FCC". Reuters (Thompson Reuters). Retrieved 14 November 2014. 
  7. ^ "Business areas". FCC. nd. Retrieved 14 November 2014. 
  8. ^ "Torre Picasso at Emporis". Emporis GMBH. nd. Retrieved 14 November 2014. 
  9. ^ "AD Classics: Puerta de Europa / Philip Johnson & John Burgee". Arch Daily. Plataforma Networks Broadcasting Architecture Worldwide ArchDaily LLC. Retrieved 14 November 2014. 
  10. ^ "El Museu de les Ciències Príncipe Felipe". Structurae, International Database for Civil and Structural Engineering. Wilhelm Ernst & Sohn Verlag. nd. Retrieved 14 November 2014. 
  11. ^ "Torre Caja Madrid". Structurae, International Database for Civil and Structural Engineering. Wilhelm Ernst & Sohn Verlag. nd. Retrieved 14 November 2014. 
  12. ^ "Potain a ajutat la ridicarea pasajului Basarab" (in Romanian). Masini si Utilaje.ro. nd. Retrieved 14 November 2014. 
  13. ^ "FCC inaugurates new Danube Bridge linking Bulgaria and Romania". TheCorner.eu. 14 June 2013. Retrieved 31 March 2014. 

External links[edit]