May 17, 2024 07:18 GMT
FCC: Spinning Off Cement And Real Estate
CONSUMER CYCLICALS
FCC (NR): Spinning off Real Estate and Cement
FCC has created a new entity called Inmocemento into which their assets will be transferred.
FCC Servicios Medio Ambiente (FCCSER bond ticker) is a subsidiary within the FCC group. Not directly affected by the spin-off but worth flagging with regards to the Holdco’s overall strategy.
{https://www.fcc.es/en/web/portalwebfcc/-/el-consejo-de-administraci%C3%B3n-de-fcc-propone-un-proyecto-de-escisi%C3%B3n-del-%C3%A1rea-de-inmobiliaria-y-cemento-en-una-nueva-sociedad-cotizada}
Keep reading...Show less
52 words