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Companies 18th January 2012

The unions and the Esther Koplowitz philanthropic effect in FCC

get your ex back MADRID | Esther Koplowitz, Fomento de Construciones y Contratas' (FCC) core shareholder, recently received an award from the Construction and Woodworkers Foundation (FCM) of Comisiones Obreras labour union in the 'commitment to the community' category. The union noted FCC's work in the area of “creating a solidarity network which focuses on the most disadvantaged groups.” The Foundation lauded FCC's efforts to encourage its employees to volunteer…

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Companies 3rd January 2012

Zara founder buys skyscraper Torre Picasso for €400m

MADRID | Spanish construction company Fomento de Construcciones y Contratas SA (FCC) seeks the strengthening of its financial structure through two real estate divestments and the move to a new headquarters. This week, Pontegadea Inmobiliaria has acquired Torre Picasso to the founder of the Zara boutique chain for €400m; in another transaction, FCC has sold its Balmes (Barcelona) and Federico Salmón (Madrid) buildings for €60m. The process of restructuring the…

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Companies 11th November 2011

FCC’s foreign income exceeds domestic for the first time in its history

Report by Julia Pastor, in Madrid | FCC has obtained €178 million in the first nine months of 2011, which means a 6,9% less than in in the same period of 2010, according to a  Friday’s company press release. Nevertheless, FCC’s internationalisation process, with a growing income from foreign markets of almost 9,9% reaching €4.309 billion, represents a milestone in FCC’s 100 years history: for the first time, income coming…