Connect with us

Hi, what are you looking for?

Jewish Business News


Carlos Slim Steps in to Rescue FCC as Talks Between Koplowitz and Soros Break Down


Mexican billionaire Carlos Slim came in the save the day for FCC after talks between Spain’s Esther Koplowitz and George Soros over a stake in the troubled builder fell apart, according to Reuters.

A source close to the matter said negotiations between Soros and Koplowitz dissolved when Soros was looking for a better price. “Koplowitz was in a weak position, and he tried to push it a bit too far. That is when Slim stepped in.”

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.

Koplowitz, who until now owned a 50% stake in FCC, inherited the business from her German Jewish immigrant father who built the company in the aftermath of the Spanish Civil War. It remains one of Spain’s largest employers, but became distressed with Spain’s housing and economic crisis that began in 2007.

Carlos Slim is buying a portion of Koplowitz’s stake, and will own 25.63% of the company with a buyout of 700 million euros or $870 million. Slim is head of Immobilaria Carso and brings industry expertise as well as the potential for the company to expand into Latin America. Slim will purchase shares at an average of 9.75 euros each including rights at a discount of 36%. Shares of FCC rose 5.3% on the news.



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.