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

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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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