FCC has set a price of 4.25 euros per share for the stock market debut next Tuesday, November 12, immocemento, the new company into which it has spun off its real estate and cement businesses for a value of 1,597 million euros.
This was determined by the construction company this Thursday after registering in the Commercial Registry the public deed 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 business.
The second transfer affects 154 million shares of Cementos Portland Valderrivas, its cement subsidiary, which represent 99% of the capital of this company, as reported to 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 issuance of the new shares will be carried out through a capital increase that 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 issue premium, which will represent the entire its social capital, explains Europa Press.
Under the perimeter of Inmocemento is 80% of its real estate business – made up of its investees 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 spun-off company has been established, which will be made up of 11 directors, highlighting 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 FCC directors (Pablo Colio, Carlos Slim, Esther Alcocer Koplowitz, Alejandro Aboumrad, Esther Koplowitz Romero and Álvaro Vázquez), except Carmen Alcocer and Manuel Gil Madrigal, who are directors of FCC but will not be directors of FCC. Immocement.
Gisselle Morán and Elías Fereres join in their place, completing the 11 seats on the council. The first is general director and CEO of Real Estate Media Group and the second has been 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, with the aim of promoting liquidity and regularity of the price of its shares.
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