Ibersuizas Holding increases stake in FCC

Ibersuizas Holding, a group of investors led by Inversiones Ibersuizas, has acquired a further 3.25% shareholding in B-1998. Ibersuizas Holding originally acquired a 12.3% stake in B-1998 for E220m in mid-2004 and now holds 15.56%. B-1998 is an investment vehicle that controls 52% of the construction firm, Fomento de Construcciones y Contratas (FCC), which means that Ibersuizas Holding holds an indirect stake in FCC of 8.15%. The total value of the recent transaction was E61m and represents E30.5 per FCC share.

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• Southern Europe