Esther Koplowitz takes full control

Esther Koplowitz takes full control
Published: 02 August 2004

FCC Spain has sent a filing to the Securities Commission (CNMV) to confirm that Esther Koplowiz and Veolia had finally reached and agreement, to give Veolia an exit (reports Deutsche Bank analysts). Veolia has sold its 49 per cent stake in B-1998 (which in turns controls 52.48 per cent of FCC) to Esther Koplowitz for Euro 916m.

Following this transaction Esther Koplowitz will sell 18 per cent stake to a group of financial investors, Ibersuizas, Cartera Deva and the Peugeot family. Following this sale, the share capital of B-1998 will be 81.97 per cent controlled by Esther Koplowitz, 7.83 per cent by Ibersuizas, 4.47 per cent by Cartera Deva and 5.73 per cent by the Peugeot family.