Alphavalue / Divacons | FCC Environmental Services, a subsidiary of FCC Enviro, has renewed its waste collection and recycling contract for part of Palm Beach County, Florida, worth $130 million (€113 million). With this award, the Spanish company, which has been operating in the area since 2019, has now provided services to the county’s residents for 14 consecutive years through various contracts. FCC Environmental Services plans to recruit 85 professionals,…

Link Securities | FCC Environmental Services, a subsidiary of FCC Enviro, which in turn is a subsidiary of FCC, has been awarded a new contract in the United States worth $705 million (approximately €610 million) to maintain the energy recovery facility in Pinellas County (Florida) for the next 10 years, according to elEcomista.com. This plant, which has been in operation since 1983, processes approximately 2,450 metric tonnes of solid waste…

Intermoney | The company (Buy, PO €14.5) announced yesterday after the market closed an agreement with the investment fund CPP Investments whereby the latter will acquire 25% of the capital of the environmental services subsidiary for €1 billion. CPP had already held 25% of this business since 2023, although FCC reports that it will continue to hold the majority of the shareholding with 50.01%, compared to 49.99% held by the…

Link Securities | FCC enviro, a subsidiary of FCC (FCC), has agreed to acquire the Cumbria Waste Group business from Waterland Private Equity in the United Kingdom. The company expects the transaction to be completed in Q4 2025, subject to the fulfilment of certain conditions customary in this type of transaction. FCC enviro has been present in the British market since 1989 through its subsidiary FCC Environment UK and is…