FCC

Companies 18th September 2025

Saudi Arabia selects consortium led by FCC to bid for construction and operation of office complex in Riyadh

Link Securities | The Saudi Arabian Ministry of Defence and the state agency responsible for launching public-private partnership contracts has selected a consortium led by Spain’s FCC (FCC) to bid for the construction and subsequent 27-year operation of an office complex in the capital Riyadh, according to a report in Expansión newspaper on Thursday. The investment budget for the asset is around €500 million. Located north of Riyadh, the building…

Companies 20th August 2025

FCC wins €1.7-billion contract to build tunnels for extension of New York subway

Link Securities | The Spanish construction company, in consortium with the US company Halmar, has been awarded a contract worth $1.972 billion (approximately €1.7 billion) in the United States to build tunnels for an extension of the New York subway, according to elEconomista. The award has been approved by the New York Metropolitan Transportation Authority, which will give both companies four years to complete the project. In New York, FCC…

Companies, In Spain, Relevant News Item 18th July 2025

FCC-Ferrovial consortium wins first section of Burgos-Vitoria high-speed rail line for €323 million

Alphavalue/ Divacons | The two construction companies, through a consortium formed in equal parts by both groups, will build the first section of high-speed rail between Burgos and Vitoria. The award of this section of the Basque AVE, valued at €323 million, comes after the disqualification of other competitors such as ACS, Acciona, Sacyr, OHLA and Grupo San José. The starting price for the tender proposed by Adif, the public…

Relevant News Item 11th July 2025

FCC registers deed of increase in paid-up capital: share capital set at €472 million

Link Securities | FCC (FCC) announces that on Thursday the public deed relating to the company’s paid-up capital increase was registered in the Commercial Register, through which the flexible dividend (scrip dividend) agreed by the Ordinary General Shareholders’ Meeting of FCC held on 12 June 2025 was implemented, for a nominal amount of €18,115,902.00 through the issue of 18,115,902 new shares in the company with a nominal value of €1…

Spanish economy 10th October 2024

Spin-off of FCC’s Cement and Real Estate divisions could help crystallise value, but how Cement division fits in not clear

Banco Sabadell : According to CNMV records, Melinda French Gates has floated a 4.3% stake in FCC. This move would be related to the stake reduction announced by Bill Gates last week (to 1.9% from 5.7%). On the other hand, press reports indicate that it expects to list its Cement (99% FCC; 4% EV FCC) and Real Estate (80% FCC; 17% EV FCC) subsidiary called Inmocemento in November this year….

Spanish economy 11th June 2024

FCC acquires US environmental firm Gel Recycling, company with a turnover of just under €20m

Intermoney | The company (Buy, PO €16) has acquired the waste treatment company Gel Recycling, located in Florida. The Spanish group has not provided figures for the transaction on a company with a turnover of just under €20 million, according to Expansión newspaper. Gel Recycling’s facilities are located in Orange City, Daytona Beach, DeLand and Jacksonville. The company has multiple contracts in Florida that, according to FCC, “represent numerous opportunities…

European economy 21st February 2024

FCC to finally build €1.46-billion tunnel near Stonehenge

Link Securities | FCC (FCC) will be able to build the tunnel near Stonehenge (United Kingdom), after the British judiciary has stopped the attempts of several opposing entities to carry out these works, understanding that they posed a threat to the Neolithic remains, according to the newspaper Expansión. In May 2022, the Spanish construction company was awarded, together with the Italian company WeBuild and the German company BeMo Tunnelling, the…

World economy 16th February 2024

FCC wins €392 million contract for municipal waste collection in Clay County, Florida

Link Securities | The US Clay County, in Florida, has awarded FCC a contract for the collection of municipal solid waste in the county, representing a portfolio of up to $420 million (about €392 million) for a 10-year term, plus two possible five-year extensions, the newspaper Expansión reports in today’s edition of the newspaper. FCC Environmental Services is one of the largest municipal solid waste management companies in the United…

World economy 23rd January 2024

FCC, Italy’s Webuild, and US firm Aecom to carry out several projects on Toronto’s underground network for €1.362 million

Link Securities| FCC has been awarded a new contract in Canada to build new tunnels and stations in the Toronto underground network, a project that the infrastructure department of the province of Ontario estimates at up to €1.362 million, the digital portal CapitalBolsa.com reported. Specifically, the Spanish construction company will build, in consortium with the Italian company Webuild and the US company Aecom, three kilometres of twin tunnels on Papa…

Relevant News Item 2nd December 2023

Provisional figures for FCC’s takeover bid for 7% of treasury shares show a take-up of 2.36% of the share capital

Banco Sabadell| FCC has announced that it has received provisional declarations of acceptance representing 2.36% of the capital for its takeover bid for 7.01% of its own shares (€12.50/share). It should be remembered that the acceptance period ends on 30 November ’23. Valuation of the analysis team: News with little impact. The increase in the number of declarations of acceptance registered yesterday (from 0.74% to 2.36%) could be due to…

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