FCC Group

The FCC Group, formerly Fomento de Construcciones y Contratas, S. A. (currently one of the group entities), is a Spanish business group, headquartered in Barcelona, specialized in citizen services, which was created in March 1992, the result of the merger of two companies: Construcciones y Contratas, founded in Madrid in 1944, and Fomento de Obras y Construcciones, created in Barcelona in 1900, whose actions began to listed on the stock market in December 1900. It is listed on the Spanish Continuous Market and for a time its titles were part of the IBEX 35.

In 2021 it was among the 10 companies that emitted the most equivalent tons of CO2 in Spain with 3.5 Mt.

History

FCC is the parent company of one of the largest European infrastructure and public services groups, both in terms of turnover and profitability. Although it was initially a construction company, in 1911 it began its activity in the field of public services with a cleaning and maintenance contract for the Barcelona sewerage network.

Its basic activities are the management of environmental services, the management of the integral water cycle, the construction of large infrastructures, the production of cement and real estate management.

It has a presence in 25 countries around the world and more than 40% of its turnover comes from international markets, mainly Europe and the United States.

In October 2013, Bill Gates joined the company as a reference shareholder with 5.7%, due to FCC's positioning in sectors linked to its visions of sustainability (Environmental Services and Water). Shortly after, in December of that same year, the financier George Soros became a shareholder of the company with 3%.

In December 2014, FCC carried out a capital increase for an amount of 1,000 million euros, which allowed the incorporation of businessman Carlos Slim as majority shareholder.

Sanctions

In July 2022, the National Commission for Markets and Competition (CNMC) imposed a fine of 40.4 million euros on FCC for having altered thousands of public tenders for 25 years, together with other important Spanish construction companies for the construction and civil works of infrastructures.

In January 2023, the National Court suspended as a precautionary measure the sanction imposed by the CNMC on FCC Construcción, which consisted of paying a fine of 40.4 million euros and the ban on contracting with the public administration. The measure has been taken while the appeal filed by the company is being resolved.

Shareholding

FCC offices in Madrid.