Carlos Slim Becomes Main Shareholder in Fomento de Construcciones y Contratas

November 27, 2014

Mexican billionaire Carlos Slim will become the main investor in Spanish builder, Fomento de Construcciones y Contratas (FCC), after he reached a deal with the firm's owner Esther Koplowitz to take on all of her rights to acquire shares in a capital hike aimed at paying down debt.

Koplowitz is Vice-President of the Board of Fomento de Construcciones y Contratas (FCC), one of the leading diversified Spanish groups, employing around ninety thousand people. She also holds board positions in several national and international companies, for instance Vice-President of the board of Cementos Portland Valderrivas and formerly board . . .

This independent news site is supported by subscribers.



Trending News on PVDN

  • US House Halts $60M Aid to Mexico Over Fentanyl Trafficking ConcernsUS House Halts $60M Aid to Mexico Over Fentanyl Trafficking Concerns PUERTO VALLARTA - Yesterday, the United States House of Representatives approved an amendment to halt just over $60 million in aid projects destined for Mexico. This action is seen as a response to the perceived "lack of will" by President Andrés Manuel López Obrador’s government in combating fentanyl trafficking, a sentiment echoed by the Republican…
  • Decapitated Body Found in Puerto Vallarta Sparks InvestigationDecapitated Body Found in Puerto Vallarta Sparks Investigation PUERTO VALLARTA - In a shocking development, a decapitated body was discovered on Wednesday afternoon in the southern region of Puerto Vallarta. As of now, the identity of the individual and the cause of death remain undetermined. The local authorities were alerted to the gruesome discovery through a 911 report, prompting an immediate response from…
  • Exhausted Sea Lion Rescued off Puerto Vallarta Coast after Remarkable 2,000 Kilometer SwimExhausted Sea Lion Rescued off Puerto Vallarta Coast after Remarkable 2,000 Kilometer Swim PUERTO VALLARTA - On Wednesday afternoon, the Marine Mammal Research Group (Grimma) rescued a malnourished and fatigued sea lion off the coast of Puerto Vallarta, Jalisco. The team secured authorization from the Federal Protection Attorney’s Office for the Environment before embarking on the rescue operation. This particular sea lion belongs to the species Arctocephalus townsendi,…
  • Substantial Sum Stolen in ATM Heist in Puerto Vallarta's Zona RomanticaSubstantial Sum Stolen in ATM Heist in Puerto Vallarta’s Zona Romantica PUERTO VALLARTA (PVDN) – A substantial sum was stolen from an ATM in the famous Zona Romantica area of Puerto Vallarta in a heist that came to light earlier this Sunday. Local Municipal Police and Investigative Police personnel are unraveling this alarming incident's details. The theft was discovered on Sunday morning when elements of the…
  • Mismaloya Residents Protest Against Forced Evictions of 80 Residents of Puerto VallartaMismaloya Residents Protest Against Forced Evictions of 80 Residents of Puerto Vallarta The coastal town of Mismaloya, in Puerto Vallarta, witnessed a peaceful demonstration on Wednesday, where residents sought justice from the President of Mexico, Andrés Manuel López Obrador, amidst a severe land dispute threatening their homes. Around 80 concerned residents assembled by the side of Federal Highway 200, earnestly awaiting updates from their representatives at the…
  • Puerto Vallarta Gains Prominent Nominations at the LGBTIQ Travel Awards Mexico 2023Puerto Vallarta Gains Prominent Nominations at the LGBTIQ Travel Awards Mexico 2023 PUERTO VALLARTA - Puerto Vallarta, renowned for its efforts and dedication towards fostering a hospitable environment for the LGBTIQ community, once again emerges as a frontrunner in inclusive tourism at a national level. The city has been nominated in five categories at the illustrious LGBTIQ Travel Awards Mexico 2023, celebrating its enduring commitment to pink…
  • Approximately 866,300 Children in Mexico Are Used in Child LaborApproximately 866,300 Children in Mexico Are Used in Child Labor PUERTO VALLARTA - Mexico continues to grapple with the grim reality of child labor, with girls, boys, and adolescents being subjected to its most severe forms, such as sexual exploitation and involvement in drug production and trafficking. Despite the efforts to curb this menace, a recent report by the United States government suggests that only…