FCC negotiates with IFM the sale of 49% of Aqualia

FCC is negotiating the sale of 49% of its subsidiary Aqualia, specialized in water management, to the IFM Global Infrastructure Fund, the construction and services group of the National Securities Market Commission (CNMV) has informed today.

In a statement sent to the stock market supervisor, FCC explains that it has advanced negotiations exclusively with the Australian fund after it sent him an offer expressing interest in buying a minority stake in Aqualia.

FCC Aqualia is the leading company for water management of the FCC group, controlled by Mexican magnate Carlos Slim.

The company, which in 2016 billed 1,100 million euros and employs more than 7,600 people, serves some 23.6 million users and serves 1,100 municipalities in 22 countries.

For its part, IFM is on the verge of closing the purchase of the Concessions business of the Spanish group OHL, an operation valued at 2,775 million euros.

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