FCC set a price of 4.25 euros per share for the IPO on Tuesday, November 12 immediately, the new company into which it sold its real estate and cement activities for a value of 1,597 million euros.
This is what the construction company determined this Thursday after having registered in the commercial register the public act of this operation, which consists of the transfer of two economic units of FCC, the first of 53 million shares of its real estate subsidiary, FCyC, which represent 80% of the share capital of this company.
The second transfer concerns 154 million shares of Cementos Portland Valderrivas, its cement subsidiary, which represent 99% of the capital of this company, as indicated by the National Securities Market Commission (CNMV).
Shareholders who still hold FCC shares this Thursday will receive one Inmocemento share for each FCC share they hold. On Friday, November 8, the shares will be listed without the right to participate in the spin-off.
The issue of the new shares will be carried out by means of a capital increase which will be carried out by Inmocemento for a total effective amount of 1,597 million euros, 227 million corresponding to the nominal amount and 1,369 million to the share premium, which will represent the entirety of its share capital, explains Europe Press.
Within the scope of Inmocemento are 80% of its real estate activity – made up of its holdings Realia (76.6%), Jezzine Uno (100%) and Metrovacesa (21.2%) – and Cementos Portland Valderrivas – which includes the companies Société de Ciments. D’Enfidha (87.8%) and Giant Cement Holding (45%)–.
Board of Directors
This Thursday too The new board of directors of the divided company has been formed, which will be composed of 11 directors, including Juan Rodríguez Torres (president of Realia) as president, and Gerardo Kuri and Alicia Alcocer Koplowitz as first and second vice-presidents, respectively.
Most of them repeat the same directors of FCC (Pablo Colio, Carlos Slim, Esther Alcocer Koplowitz, Alejandro Aboumrad, Esther Koplowitz Romero and Álvaro Vázquez), with the exception of Carmen Alcocer and Manuel Gil Madrigal, who are directors of FCC but will not. .Immocent.
Gisselle Morán and Elías Fereres replace them, completing the 11 seats on the council. The first is general director and CEO of Real Estate Media Group and the second was president of the Royal Academy of Engineering of Spain.
One of the first communications to the CNMV of the new company was the signing of a liquidity contract with Banco de Sabadell, with a duration of 12 months and a maximum amount of one million euros, in the aim of promoting liquidity and price regularity. of his actions.
