FCC Group

{{Infobox company

| name = Fomento de Construcciones y Contratas, S.A.

| trade_name = FCC

| image = JZH 3890.jpg

| image_caption = Headquarters in Barcelona, Spain

| logo = Logotipo de FCC.png

| logo_size = 180px

| type = Limited Company (In Spain: Sociedad Anónima)

| traded_as = {{BMAD|ES0122060314|FCC}}

| foundation = 1900

| location = Barcelona, Spain

| key_people = Esther Koplowitz (Chairman){{cite web |access-date=26 September 2017 |title=FCC Board of Directors |url=https://www.fcc.es/en/consejo-de-administracion}}
Pablo Colio Abril (CEO){{cite web |access-date=26 September 2017 |date=12 September 2017 |title=Pablo Colio, new CEO of the FCC Group |url=https://www.fcc.es/en/-/pablo-colio-nuevo-consejero-delegado-del-grupo-fcc}}

| industry = Construction, Civil engineering

| products =

| revenue = {{increase}} €9,026.0 million (2023){{cite web|url=https://www.fcc.es/documents/13935105/48747511/annual_report_2023.pdf|title=Annual Report 2023|publisher=FCC Group|access-date=24 July 2024|page=425}}

| operating_income = {{increase}} €910.3 million (2023)

| net_income = {{increase}} €744.8 million (2023)

| assets =

| equity =

| num_employees = 67,000 (2023)

| parent =

| subsid = * FCC Environment

Aqualia
FCC Construction
FCC Real Estate
Cementos Portland

| homepage = {{URL|https://www.fcc.es/en/}}

| caption =

}}

The FCC Group, formerly Fomento de Construcciones y Contratas, S. A. (currently one of the group's entities),{{cite web |access-date=2023-06-07 |title=Legal warning - FCC |url=https://www.fcc.es/en/informacion-legal |website=www.fcc.es}} is a Spanish business group, based in Barcelona. It has specialised in public services. Its shares were first listed on the stock exchange in December 1900. The group is listed on the Spanish Continuous Market and was once part of the IBEX 35.

In 2021, the group was among the top 10 companies that emitted the most tonnes of CO₂ equivalent in Spain with 3.5 mtCO2e.{{cite web |access-date=6 November 2022 |date=1 October 2022 |title=Decarbonization 2022 |url=https://www.observatoriosostenibilidad.com/2022/10/01/descarbonizacion-2022/ |work=Observatorio de Sostenibilidad}}

History

The business was founded as a construction company in Barcelona in 1900, under the name of Fomento de Obras y Construcciones S.A. and became known as FOCSA. It began operations in public services in 1911 with a contract to clean and maintain Barcelona's sewerage network. In 1992 FOCSA merged with Construcciones y Contratas, a company founded in Madrid in 1944 to form Fomento de Construcciones y Contratas, S.A.{{cite web|url=https://www.fcc.es/en/hito1991-1993|title=History 1991-1993|publisher=Fomento de Construcciones y Contratas|access-date=27 February 2021}}

Proactiva was a 50–50 joint venture formed in 1999 between Veolia Environnement and FCC,{{cite web|url=https://www.veolia.com/en/veolia-group/media/press-releases/veolia-environnement-signs-agreement-fcc-own-100-proactiva|title=Veolia Environnement signs an agreement with FCC to own 100% of Proactiva|publisher=Veolia|accessdate=29 January 2018|archive-url=https://web.archive.org/web/20180129083051/https://www.veolia.com/en/veolia-group/media/press-releases/veolia-environnement-signs-agreement-fcc-own-100-proactiva|archivedate=29 January 2018|url-status=live}} until Veolia bought the other 50 percent share from FCC in 2013.{{cite web|url=https://www.veolia.com/en/veolia-group/profile/history/2010-2016|title=The history of Veolia : 2010 - 2016|publisher=Veolia|accessdate=29 January 2018|archive-url=https://web.archive.org/web/20180129082134/https://www.veolia.com/en/veolia-group/profile/history/2010-2016|archivedate=29 January 2018|url-status=live}}

In September 2006 FCC acquired the British Waste Recycling Group, excluding its landfill gas operations, from Terra Firma Capital Partners for £1.4 billion.{{cite news|url=http://www.letsrecycle.com/news/latest-news/waste-management/fcc-completes-ps1.4bn-acquisition-of-waste-recycling-group|title=FCC completes £1.4bn acquisition of Waste Recycling Group |accessdate=16 October 2012|publisher=letsrecycle.com|date=28 September 2006}}{{cite news|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRpEhS0KDsao&refer=uk|title=FCC Buys Waste Recycler From Hands for 1.4 Bln Pounds|accessdate=16 October 2012|publisher=Bloomberg|date=17 July 2006}}

In July 2013, Alpine Bau Holding GmbH, a subsidiary of FCC which had accumulated debt of €2.56 billion and placed €190 million of corporate bonds on the Wiener Börse OTC, went into administration.{{cite web | author = Mirco Galbusera | url = https://www.investireoggi.it/obbligazioni/austria-fallisce-alpine-con-buco-di-26-miliardi/ | title = Austria, fallisce Alpine con buco di 2,6 miliardi | date = July 8, 2013 | archive-url = https://archive.today/20200506104646/https://www.investireoggi.it/obbligazioni/austria-fallisce-alpine-con-buco-di-26-miliardi/ | archive-date = May 6, 2020 | url-status = live}}

In August 2013, FCC sold its subsidiary Alpine Energie, a company of 3,000 employees in the German-speaking Alps that builds and maintains power plants, telecommunications, and traffic infrastructure, to Triton Partners, a private equity company, for just under €100 million ($133 million).{{cite news|url=https://www.reuters.com/article/triton-alpine-idUSL6N0GE1FA20130813|title= Private equity firm Triton buys Alpine Energie from Spain's FCC|date=13 August 2013|accessdate=14 November 2014|work=Reuters}}

In October 2013, Bill Gates joined the company as a shareholder with a 5.7% stake,{{cite web |access-date=21 October 2013 |title=Bill Gates buys 6% of the capital of FCC |url=https://www.fcc.es/en/-/bill-gates-a-trav-eacute-s-de-sus-fondos-de-inversi-oacute-n-compra-el-6-del-capital-de-fcc}} reflecting FCC's strong position in sectors linked to his vision of sustainability (Environmental Services and Water). Shortly thereafter, in December of the same year, the financier George Soros became a shareholder of the company with a 3% stake.{{cite news|author1=Carlos Ruano|author2=Sonya Dowsett|title=Soros fund to become key shareholder in Spanish company FCC|url=https://www.reuters.com/article/us-fomento-de-soros-idUSKCN0IY0WQ20141114|accessdate=14 November 2014|work=Reuters|publisher=Thomson Reuters|date=14 November 2014}}

In December 2014, FCC carried out a share issue worth €1 billion,{{cite web |access-date=18 December 2014 |title=The FCC capital increase |url=https://www.fcc.es/en/-/la-ampliacion-de-capital-de-fcc-se-cierra-con-una-sobredemanda-de-mas-de-9-veces}} facilitating the involvement of business magnate Carlos Slim as a majority shareholder.{{cite web |access-date=14 January 2015 |title=Carlos Slim is the majority shareholder of FCC |url=https://www.elmundo.es/economia/2015/12/18/5673d471268e3ef7738b46f4.html}}

FCC was charged with corruption and money laundering by Spain's High Court in October 2019. The charges related to bribes, totalling €82 million ($91 million), to secure transport and hospital contracts in Panama between 2010 and 2014.{{cite news|url=https://www.reuters.com/article/spain-fcc-court/update-2-spains-high-court-charges-builder-fcc-over-panama-contracts-idUSL8N27F60U/|title=Spain's High Court charges builder FCC over Panama contracts|newspaper=Reuters|date=31 October 2019|access-date=15 March 2024}}{{cite news|url=https://www.globalconstructionreview.com/spanish-courts-charge-fcc-corruption-over-panama-p/|title=Spanish courts charge FCC with corruption over Panama projects|date=1 November 2019|newspaper=Global Construction Review| access-date=15 March 2024}}{{cite news|url=https://newsroompanama.com/fcc/spanish-company-indicted-for-91-million-bribes-to-martinelli-frontman|title=Spanish company indicted for $91 million bribes to Martinelli frontman Newsroom Panama|date=30 October 2019|newspaper=Newsroom Panama|access-date=15 March 2024}}

Then, in September 2020, FCC was banned from bidding for contracts by the World Bank for two years following the company's involvement with fraudulent and collusive practices in Colombia.{{Cite web|url=https://www.worldbank.org/en/news/press-release/2020/09/16/world-bank-group-debars-fcc-construccion-sa |title=World Bank Group Debars FCC Construcción S.A.|date=16 September 2020|publisher=World Bank| access-date=15 March 2024}} The company was required to pay $5.5m in restitution for its illegal activities.{{cite news|url=https://www.globalconstructionreview.com/fcc-debarred-world-bank-projects-over-fraudulent-c/|title=FCC debarred from World Bank projects over fraudulent Colombian bid|date=18 September 2020|newspaper=Global Construction Review|access-date=15 March 2024}}

In July 2022, the company was fined €40.4 million, along with five other contractors, by the Comisión Nacional de los Mercados y la Competencia (CNMC) for bidding collusion in public tenders for building and civil infrastructure works.{{cite news|url=https://www.reuters.com/markets/europe/spains-six-top-builders-fined-restricted-over-bidding-collusion-2022-07-07/|title=Spain's six top builders fined, restricted over bidding collusion|date=7 July 2022|newspaper=Reuters|access-date=15 March 2024}}

In January 2023, the National Court suspended, on a precautionary basis, the sanction imposed by the CNMC against FCC Construcción, which consisted of a fine of €40.4 million and a prohibition to contract with public authorities. The measure was taken while the appeal filed by the company was being resolved.{{cite news|url=https://www.lainformacion.com/empresas/audiencia-nacional-paraliza-forma-cautelar-sancion-cnmc-fcc-40-millones/2880361/|title=La Justicia paraliza de forma cautelar la multa de la CNMC a FCC de 40 millones |date=26 January 2023|newspaper=La Informacion|access-date=15 March 2024}}{{cite news|url=https://www.europapress.es/economia/noticia-audiencia-nacional-suspende-forma-cautelar-sancion-cnmc-fcc-40-millones-euros-20230126102631.html|title=La Audiencia Nacional suspende de forma cautelar la sanción de la CNMC a FCC de 40 millones de euros|date=26 January 2023|newspaper=Europa Pass|access-date=15 March 2024}}{{cite news|url=https://www.pressdigital.es/articulo/economia/2023-01-26/4153714-audiencia-nacional-suspende-forma-cautelar-sancion-cnmc-fcc-40-millones-euros|title=La Audiencia Nacional suspende de forma cautelar la sanción de la CNMC a FCC de 40 millones de euros|newspaper=Press Digital|access-date=15 March 2024}}

In 2022, FCC joined the SDG campaign launched by the UN Global Compact Spain. As part of the campaign, its members are working to advance the climate change agenda, social equity and other global socially important issues.{{Cite web|lang=en|url=https://in.marketscreener.com/quote/stock/FOMENTO-DE-CONSTRUCCIONES-74234/news/Fomento-de-Construcciones-y-Contratas-S-A-FCC-Group-joins-the-SDG-campaign-promoted-by-the-UN-Glob-41896702/|title=Fomento de Construcciones y Contratas S A : FCC Group joins the SDG campaign promoted by the UN Global Compact in Spain|website=Marketscreener|date=20 September 2022 |access-date=2024-03-25|archive-date=2024-03-25|archive-url=https://web.archive.org/web/20240325060152/https://in.marketscreener.com/quote/stock/FOMENTO-DE-CONSTRUCCIONES-74234/news/Fomento-de-Construcciones-y-Contratas-S-A-FCC-Group-joins-the-SDG-campaign-promoted-by-the-UN-Glob-41896702/}}

In July 2023, FCC's shareholders approved an initial public offering to reduce its share capital by 7 per cent by acquiring more than 32 million shares. The maximum allocation for this task was €400 million. At the same time, some minority shareholders were concerned that the move was preparation for an exclusionary placement that would strengthen the position of large shareholders. The deputy secretary of the board of directors, Felipe Garcia Perez, denied this claim.{{Cite news|lang=en|url=https://www.bloomberg.com/news/articles/2023-07-19/spain-s-fcc-approves-buyback-of-shares-expansion-says|title=Spain's FCC Approves Buyback of Shares|website=Bloomberg|date=19 July 2023 |access-date=2024-03-25|archive-date=2024-03-25|archive-url=https://web.archive.org/web/20240325060725/https://www.bloomberg.com/news/articles/2023-07-19/spain-s-fcc-approves-buyback-of-shares-expansion-says}}

Operating in more than 29 countries worldwide, over 47.5% of its turnover comes from international markets, mainly from Europe and the United States.{{cite web |title=Global presence - FCC |url=https://www.fcc.es/en/presencia-en-el-mundo#:~:text=The%20FCC%20Group%20is%20present,possibilities%20of%20our%20domestic%20market.}}{{cite web |title=FCC increases its global presence |url=https://www.newswire.com/news/fcc-environmental-services-grows-midwest-presence-by-securing-new-22319641}}

Structure

Its core activities are environmental services management, end-to-end water cycle management, major infrastructure construction, cement production and real estate management.{{cite web |title=FCC's portfolio is diverse and reaches all citizens |url=https://www.eleconomista.es/infraestructuras-servicios/noticias/11781358/05/22/La-cartera-de-FCC-es-diversa-y-llega-a-toda-la-ciudadania.html}}

{{as of|May 2022}} the business was divided into the following five major divisions:{{cite web |title=FCC business areas |url=https://www.eleconomista.es/infraestructuras-servicios/noticias/11781358/05/22/La-cartera-de-FCC-es-diversa-y-llega-a-toda-la-ciudadania.html}}

FCC Environmental
Aqualia
FCC Construction
FCC Real Estate
Cementos Portland

Major projects

Image:Ciutat de les Arts i les Ciències - El Museu.jpg

Image:2013-06 Donaubruecke Vidin.jpg

Major FCC construction projects have included:

Torre Picasso in Madrid, completed in 1988{{cite web|url=http://www.emporis.com/en/wm/bu/?id=112028|archive-url=https://web.archive.org/web/20040614005851/http://www.emporis.com/en/wm/bu/?id=112028|url-status=usurped|archive-date=June 14, 2004|title= Torre Picasso at Emporis|publisher=Emporis GMBH|date=nd|accessdate=14 November 2014}}
Gate of Europe, completed in 1996{{cite web|url=http://www.archdaily.com/157275/ad-classics-puerta-de-europa-philip-johnson-john-burgee/|title=AD Classics: Puerta de Europa / Philip Johnson & John Burgee|work=Arch Daily|date=30 September 2011 |publisher=Plataforma Networks Broadcasting Architecture Worldwide ArchDaily LLC|accessdate=14 November 2014}}
Prince Philip Museum of Science in Valencia, completed in 2000{{cite web|url=http://en.structurae.de/structures/data/index.cfm?ID=s0002426 |title=El Museu de les Ciències Príncipe Felipe |work= Structurae, International Database for Civil and Structural Engineering|publisher=Wilhelm Ernst & Sohn Verlag|date=nd|accessdate=14 November 2014}}
Torre Caja Madrid, completed in 2008{{cite web|url=http://en.structurae.de/structures/data/index.cfm?ID=s0024336|title= Torre Caja Madrid|work= Structurae, International Database for Civil and Structural Engineering|publisher=Wilhelm Ernst & Sohn Verlag|date=nd|accessdate=14 November 2014}}
Pasajul Basarab in Bucharest, completed in 2011{{cite web|url=http://masini-si-utilaje.masinisiutilaje.ro/numarul64/potain-a-ajutat-la-ridicarea-pasajului-basarab.html|title=Potain a ajutat la ridicarea pasajului Basarab|publisher=Masini si Utilaje.ro|date=nd|accessdate=14 November 2014|language=Romanian|archive-url=https://web.archive.org/web/20141129033854/http://masini-si-utilaje.masinisiutilaje.ro/numarul64/potain-a-ajutat-la-ridicarea-pasajului-basarab.html|archive-date=29 November 2014|url-status=dead}}
New Europe Bridge between Bulgaria and Romania, completed in 2013{{cite news|url=http://www.thecorner.eu/company-news/fcc-inaugurates-danube-bridge-linking-bulgaria-and-romania/27292/|title=FCC inaugurates new Danube Bridge linking Bulgaria and Romania|accessdate=31 March 2014|publisher=TheCorner.eu|date=14 June 2013}}
Haren Prison, Brussels, Belgium, completed in 2022{{citation |url=https://www.ciudadfcc.com/en/-/haren-prison |title=Haren Prison, Belgium |work=Fomento de Construcciones y Contratas }}

Shareholders

The shareholders are as follows:{{cite web |title=Official Records of the CNMV on FCC |url=https://www.cnmv.es/portal/consultas/derechosvoto/ps_ac_ini.aspx?nif=A-28037224&lang=en}}

Image:Oficinas de FCC en Las Tablas (Madrid) 01.jpg

class="wikitable"

! Shareholder

! Total voting rights

! Direct voting rights

! Indirect voting rights

Business Capital Control, S.A. de C.V.

|69.578%

|60.583 %

|8.994 % (Dominum Direction and Management)

Melinda French Gates

|4.251 %