Fomento de Construcciones y Contratas, S.A.

Headquarters in Barcelona, Spain
Trade name	FCC
Company type	Limited Company (In Spain: Sociedad Anónima)
Traded as	BMAD: FCC
ISIN	ES0122060314
Industry	Construction, Civil engineering
Founded	1900
Headquarters	Barcelona, Spain
Key people	Esther Koplowitz (Chairman)[1] Pablo Colio Abril (CEO) [2]
Revenue	€7,705.7 million (2022)[3]
Operating income	€610.5 million (2022)[3]
Net income	€477.9 million (2022)[3]
Number of employees	64,000 (2022)[3]
Subsidiaries	FCC Environment Aqualia FCC Construction FCC Real Estate Cementos Portland
Website	www.fcc.es/en/

The FCC Group, formerly Fomento de Construcciones y Contratas, S. A. (currently one of the group's entities),^[4] is a Spanish business group, based in Barcelona. The group is listed on the Spanish Continuous Market and was once part of the IBEX 35.

In 2021, the group was among the top 10 companies that emitted the most tonnes of CO₂ equivalent in Spain with 3.5 mtCO2e.^[5]

History

The business was founded in Barcelona in 1900 as Fomento de Obras y Construcciones S.A. and became known as FOCSA. In 1992 FOCSA merged with Construcciones y Contratas, a company founded in Madrid in 1944 to form Fomento de Construcciones y Contratas, S.A.^[6] Its core activities are environmental services management, end-to-end water cycle management, major infrastructure construction, cement production and real estate management.^[7]

Proactiva was a 50–50 joint venture formed in 1999 between Veolia Environnement and FCC,^[8] until Veolia bought the other 50 percent share from FCC in 2013.^[9]

In September 2006 FCC acquired the British Waste Recycling Group, excluding its landfill gas operations, from Terra Firma Capital Partners for £1.4 billion.^[10][11]

In July 2013, Alpine Bau Holding GmbH, a subsidiary of FCC which had accumulated debt of €2.56 billion and placed €190 million of corporate bonds on the Wiener Börse OTC, went into administration.^[12]

In August 2013, FCC sold its subsidiary Alpine Energie, a company of 3,000 employees in the German-speaking Alps that builds and maintains power plants, telecommunications, and traffic infrastructure, to Triton Partners, a private equity company, for just under €100 million ($133 million).^[13]

In October 2013, Bill Gates joined the company as a shareholder with a 5.7% stake,^[14] reflecting FCC's strong position in sectors linked to his vision of sustainability (Environmental Services and Water). Shortly thereafter, in December of the same year, the financier George Soros became a shareholder of the company with a 3% stake.^[15]

In December 2014, FCC carried out a share issue worth €1 billion,^[16] facilitating the involvement of business magnate Carlos Slim as a majority shareholder.^[17]

Structure

As of May 2022^[update] the business was divided into the following five major divisions:^[18]

• FCC Environmental
• Aqualia
• FCC Construction
• FCC Real Estate
• Cementos Portland

Major projects

Major FCC construction projects have included:

• Torre Picasso in Madrid, completed in 1988^[19]
• Gate of Europe, completed in 1996^[20]
• Prince Philip Museum of Science in Valencia, completed in 2000^[21]
• Torre Caja Madrid, completed in 2008^[22]
• Pasajul Basarab in Bucharest, completed in 2011^[23]
• New Europe Bridge between Bulgaria and Romania, completed in 2013^[24]
• Haren Prison, Brussels, Belgium, completed in 2022^[25]

Shareholders

The shareholders are as follows:^[26]