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Esther Koplowitz Refinances Her FCC Holding As Company Stabilizes

Dominum Dirección y Gestión, S.A. (DDG) is a company, fully owned by Esther Koplowitz.

Foto Esther Koplowitz

 

Esther Koplowitz has secured her 22.4% stake in the Spanish construction and engineering  company FCC Group.

Koplowitz successfully refinancef her own long-term personal debt, for five more years,  with two major Spanish banks – Banco Bilbao and Bankia.

At the end of 2014  Mexican billionaire Carlos Slim acquired a 25.6% stake in FCC by way of a rights offering, which increased the FCC capital base significantly.

With the refinancing of Ms. Koplowitz’s personal debt as well, and with a return to somewhat more normal  trading conditions, FCC has achieved financial stability and can look forward to resumed growth potential as 2015 unfolds.

The FCC Group launched a strategic recovery plan in 2013, after some very difficult recession years for the Spanish construction and engineering sectors.

Since then FCC has refinanced 4.5 billion euros of debt, divested non-core assets with a value of over 1.5 billion euros, and attracted investment from funds associated with international investors such as Bill Gates  and George Soros.

 

 

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