Ecija is currently advising Fomento de Construcciones y Contratas (FCC) on a planned partial financial spin-off of its real estate and cement business, worth 1,596 million euros. This move will see the creation of a new company called Inmocemento, specifically designed for this purpose.
The spin-off includes the transfer of ownership interests in FCYC and Cementos Portland Valderrivas to Inmocemento, with FCC retaining 80% and 99%, respectively. Shareholders of FCC will receive an equivalent number of shares in Inmocemento as they currently hold in FCC, giving them increased flexibility in managing their investments.
The transaction is being overseen by partners Alberto Alonso Ureba, Antonio Roncero, and Miguel Sánchez, along with the participation of Marina Torres, Luis Gimeno, Laura Aparicio, Alfonso Peña, and Javier Pereña. It’s expected that Inmocemento will be listed on the Spanish stock exchanges during the fourth quarter of 2024.
