Fomento de Construcciones y Contratas Facts for Kids

Quick facts for kids
Fomento de Construcciones y Contratas, S.A.

Headquarters in Madrid, Spain
Type	Sociedad Anónima
Traded as	BMAD: FCC
Industry	Construction, civil engineering
Founded	1900
Headquarters	Barcelona, Spain
Key people	Carlos Jarque (Chairman and CEO)
Revenue	€6,276.2 million (2019)
Operating income	€511.6 million (2019)
Net income	€339.9 million (2019)
Subsidiaries	FCC Environment

Fomento de Construcciones y Contratas, S.A. (), or FCC, is a Spanish construction company based in Barcelona. 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
Structure
Major projects
See also

History

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..

Proactiva was a 50-50 joint venture formed in 1999 between Veolia Environnement and FCC, until Veolia bought the other 50% share from FCC in 2013.

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

In July 2013, Alpine Bau Holding GmbH, a subsidiary of FCC, which had accumulated debt of €2.56 billion and placed €190 million of corporate bonds on the Wiener Börse OTC, went into administration.

In August 2013, FCC 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).

In November 2014, FCC shared that American business magnate George Soros will become a key shareholder.

In March 2015, it was announced that Mexican business magnate Carlos Slim will also be a minority shareholder in the company.

Structure

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

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)