Connect with us

Hi, what are you looking for?

Jewish Business News


Esther Koplowitz Heavily in Debt with Spanish Builder

Queen Sofia of Spain Attends 'Mujeres Por Africa' Presentation at Reina Sofia Museum

Esther Koplowitz is facing a huge debt challenge, and may lose a substantial part of her 50% stake in Spanish builder FCC, a company founded by her father. Koplowitz’s creditors will not extend the current deadline, and she has 3 months to resolve the debt issue or face a sale of shares. Once Koplowitz deals with her debts, FCC can settle a rights issue, which involves selling shares to existing investors to reduce the need to borrow money.

The deadline for the $1.3 billion has already passed; it was supposed to have been paid on July 31st, but this time, the deadline, in less than a week, won’t be extended. In addition to other problems with the Spanish slowdown, Koplowitz’s income was hit hard when FCC had to stop paying its dividend, and it is likely that the dividend won’t be re-instated until the debt issue is resolved. Koplowitz fell off of Forbes’ Rich List, but she is still one of the wealthiest women in Spain. George Soros and Bill Gates bought shares of FCC in the confidence that the company and Spain would see a turnaround, but the position has been a losing one for both of them.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.