Who Owns FCC Company?

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Who owns FCC?

Understanding FCC's ownership is key to grasping its strategic direction. A significant shift occurred with Carlos Slim Helú's investment. FCC, founded in 1900, merged in 1992, aiming for urban development and sustainability.

Who Owns FCC Company?

FCC operates globally in environmental services, infrastructure, and water management. Its commitment to sustainable solutions is evident across its operations, including waste management and water treatment, and is further analyzed through frameworks like the FCC BCG Matrix.

Who owns FCC Company?

Who Founded FCC?

The origins of FCC trace back to two separate entities that eventually combined. Fomento de Obras y Construcciones S.A. (FOCSA) was established in Barcelona in July 1900 with an initial capital of five million pesetas, represented by 10,000 shares. Construcciones y Reparaciones, S.A., later renamed Construcciones y Contratas, S.A., was founded in Madrid by Ernesto Koplowitz.

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Founding of FOCSA

Fomento de Obras y Construcciones S.A. (FOCSA) began in Barcelona in July 1900. Its initial capital was five million pesetas, divided into 10,000 shares.

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Early Focus of FOCSA

FOCSA's early activities centered on port expansion and constructing sewerage systems within Barcelona.

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Establishment of Construcciones y Contratas

Ernesto Koplowitz founded Construcciones y Reparaciones, S.A. in Madrid. This company was later renamed Construcciones y Contratas, S.A.

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Koplowitz Family Influence

The Koplowitz family, notably Esther Koplowitz, held a significant ownership stake in Construcciones y Contratas and subsequently in FCC.

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Esther Koplowitz's Stake

At one point, Esther Koplowitz controlled more than 50% of the FCC Group's equity.

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Early Ownership Details

Specific equity splits and shareholding percentages of the original founders at inception are not publicly detailed.

The long-standing influence of founding families, particularly the Koplowitz family, was a key characteristic of FCC's early ownership structure. While precise initial equity splits are not publicly available, the Koplowitz family's substantial stake, with Esther Koplowitz holding over 50% at one point, underscores their pivotal role in the company's development. Understanding this early ownership is crucial for grasping the trajectory of FCC, similar to how one might analyze the Marketing Strategy of FCC.

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How Has FCC’s Ownership Changed Over Time?

The ownership of FCC has seen a dramatic shift, most notably with the significant investment by Carlos Slim Helú. Initially listed in 1900, the company's ownership landscape was reshaped in 2014 when Slim began accumulating a substantial stake, altering the balance of control.

Shareholder Stake (Approximate) Key Investment Vehicle(s)
Carlos Slim Helú 84.71% (as of July 2025) Inversora Carso, Operadora Inbursa, Control Empresarial de Capitales SA
Putnam International Capital Opportunities Fund Class A Shares Minor N/A
SPDR(R) Portfolio Europe ETF Minor N/A
International Small Company Fund Class NAV Minor N/A

Carlos Slim Helú is the predominant shareholder in FCC, holding approximately 12% directly and an additional 76% through his investment entities, Inversora Carso and Operadora Inbursa, as of July 2025. This substantial control, amounting to roughly 84.71% of the company's total shares, has been instrumental in guiding FCC's strategic direction and governance. The Carso Group's involvement has been pivotal in the renewal and underpinning of the FCC Group. While other institutional investors like Putnam International Capital Opportunities Fund Class A Shares, SPDR(R) Portfolio Europe ETF, and International Small Company Fund Class NAV hold smaller stakes, their collective ownership stood at 224,078 shares on July 22, 2025. On the same date, FCC's share price was 11.56 euros per share. Understanding FCC ownership is key to grasping the company's operational framework.

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Key Ownership Milestones

The ownership structure of FCC has evolved significantly over time, with major shifts impacting its strategic direction.

  • Initial listing on the stock exchange in December 1900.
  • Carlos Slim Helú began acquiring a substantial stake in 2014.
  • By November 2014, Slim's stake reached 25.6%, reducing Esther Koplowitz's share to 22.4%.
  • Slim's control increased to 61% by 2016.
  • As of July 2025, Slim controls approximately 84.71% of FCC's shares.
  • The influence of Carlos Slim's Carso Group has been central to FCC's recent developments.

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Who Sits on FCC’s Board?

The board of directors for FCC is structured to reflect its significant ownership. As of March 2015, following a significant restructuring, the board composition included representatives from key entities associated with major shareholders, indicating a concentrated ownership structure.

Director Representing Entity Affiliation
Carlos Slim Helú Inmobiliaria AEG SA de CV Proprietary Director (Carlos Slim's Holdings)
Juan Rodríguez Torres Inmuebles Inseo SA de CV Proprietary Director (Carlos Slim's Holdings)
Alejandro Aboumrad González Proprietary Director (Carlos Slim's Holdings)
Gerardo Kuri Kaufmann Proprietary Director (Carlos Slim's Holdings)
Esther Alcocer Koplowitz EAC Inversiones Corporativas, S.L. Proprietary Director (Koplowitz Family Stake)
Carmen Alcocer Koplowitz Dominum Dirección y Gestión, S.A. Proprietary Director (Koplowitz Family Stake)
Manuel Gil Madrigal Independent Director
Henri Proglio Independent Director
Álvaro Vázquez de Lapuerta Independent Director

The voting power within FCC generally adheres to the one-share-one-vote principle. However, the substantial concentration of shares held by Carlos Slim's entities gives him considerable influence over the company's decisions. This ownership concentration was further solidified in 2014 when, after an initial investment, agreements were made for both Slim and the Koplowitz family to refrain from selling 85% of their shares for a minimum of four years, with each party having the right to appoint four members to the 12-person board.

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FCC Ownership Dynamics

Understanding who owns FCC is crucial for grasping its strategic direction. The current FCC ownership structure is heavily influenced by major shareholders, impacting its governance and operational decisions.

  • Carlos Slim's entities hold significant ownership, reflected in board representation.
  • The Koplowitz family also maintains a notable stake, with board appointees.
  • Independent directors provide oversight and diverse perspectives.
  • The one-share-one-vote principle governs voting power, but ownership concentration grants substantial control.
  • Recent history shows agreements to limit share sales, stabilizing ownership for a period.

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What Recent Changes Have Shaped FCC’s Ownership Landscape?

Over the past 3-5 years, FCC's ownership has been significantly shaped by strategic moves, largely influenced by its major shareholder, Carlos Slim. A key development in 2024 involved the planned spin-off of FCC's cement and real estate assets into a new entity, Inmocemento, which is slated for listing on the Madrid stock market.

Development Year Impact
Planned spin-off of cement and real estate assets into Inmocemento 2024 Expected to boost shareholder value; FCC equity reduced by 39.2% to 3,736 million euros compared to December 2023 following partial financial spin-off.
Revenue growth across business lines Q1 2024 Revenues increased by 7.8% to 2,185.6 million euros; attributable net result grew by 7.9% to 104.6 million euros.
Approval of 2024 annual accounts and flexible dividend June 2025 Indicates ongoing financial activity and shareholder engagement.

In 2023, FCC's cement operations generated 614 million euros in revenue, with real estate contributing 254 million euros, collectively representing approximately 8.7-9% of the company's total revenue. This strategic restructuring aims to unlock greater value for shareholders by allowing both the new and existing entities to operate more independently. The trend of increasing institutional ownership and founder dilution is also apparent in FCC's ownership structure, with Carlos Slim's influence growing over time. The company's 2025 General Shareholders' Meeting further solidified this by approving the annual accounts and management reports for the 2024 financial year, alongside a flexible dividend distribution, demonstrating continued shareholder engagement and financial management.

Icon Strategic Asset Spin-off

FCC's 2024 plan to spin off cement and real estate assets into Inmocemento is designed to enhance shareholder value. This move is expected to allow for more focused growth strategies for each distinct business area.

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The first quarter of 2024 saw robust revenue growth of 7.8% to 2,185.6 million euros, with net results also climbing by 7.9%. This performance reflects broad-based growth across FCC's operational segments.

Icon Ownership Trends and Shareholder Engagement

Carlos Slim's increasing control is a notable aspect of FCC ownership trends, aligning with broader industry patterns of institutional investor influence. The recent shareholder meeting in June 2025 underscores active engagement in financial decisions.

Icon Contribution of Key Business Units

In 2023, FCC's cement and real estate divisions together accounted for approximately 8.7-9% of the company's total revenue. These segments are now poised for independent strategic development following the planned spin-off, a move that could impact the Target Market of FCC.

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