ECIJA advises FCC on €1.6B Spin-Off & Inmocemento’s €1.9B IPO
ECIJA has provided legal counsel to Fomento de Construcciones y Contratas (FCC) in the partial spin-off of its real estate and cement businesses, valued at €1.596 billion. The firm also advised Inmocemento, the recipient of the spin-off, on its Initial Public Offering (IPO), which is valued at €1.933 billion.
This transaction, which represents the second IPO in Spain in 2024, marks an innovative milestone in the Spanish market as the first-ever partial financial spin-off of a listed company (FCC) linked to the admission of the beneficiary company (Inmocemento) for trading on Spanish Stock Exchanges. As part of the deal, FCC’s shareholders have become shareholders in Inmocemento, which is now a publicly listed company and the holding entity of an independent group, focused on real estate and cement businesses.
ECIJA’s team was led by partners Alberto Alonso Ureba, Antonio Roncero, and Miguel Sánchez, and supported by Marina Torres, Alfonso Peña, Laura Aparicio, Javier Pereña, and Luis Gimeno.
