Published On: Thu, Dec 4th, 2014

Spain’s FCC Koplowitz sells rights to Mexico’s Slim for 150 million euros

(L-R) Doughter Esther Alcocer Koplowitz and mother  Esther Maria Koplowitz

 

Mexican billionaire Carlos Slim has acquired the subscription rights in Spanish builder FCC from top shareholder Esther Koplowitz for 150 million euros ($184.50 million), FCC said on Thursday.

Control Empresarial de Capitales, owned by Slim, bought 63.7 million preferential subscription rights from Koplowitz investor vehicles B-1998 and Azate for 2.3553 euros per right, FCC said.

Koplowitz will lose control over the building group as Slim’s Inmobiliaria Carso takes a 25.63 percent stake in the company following a capital increase. Koplowitz will see her stake reduced to 22.43 percent, from just above 50 percent now. (1 US dollar = 0.8130 euro

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