FCC Ends First Half With a €54.8 M Net Profit And Carlos Slim as Largest Shareholder

FCC’s story has been marked present year by the mandatory takeover bid by Carlos Slim fund Inversora Carso. It was launched in March, and concluded on 15 July. Grupo Carso now owns 61.11% and is the largest shareholder of FCC, while Esther Koplowitz, with 20%, is the second-largest shareholder. The Spanish environmental services, infrastructure and waste management group also left Ibex35 just current week.

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The Risks For The Spanish Economy In 2017 Begin To Take Shape

Spain’s GDP growth rate in the first half of this year has been solid. In the second quarter, GDP expanded 0.7% quarter-on-quarter nearly in line with the 0.8% rise in the first quarter, translating into a 3.2% year-on-year increase. So overall, the balance for the first half of 2016 has been favourable. And the strong performance over this period means that it is very likely GDP growth will be close to 3% for the full-year. But there are downward risks for 2017.