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News Inmocemento to start trading shares in mid-November 2024

Inmocemento to start trading shares in mid-November 2024

Written by Global Cement staff 11 November 2024
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Spain: FCC spin-off company Inmocemento plans to start trading shares on the Spanish Stock Exchanges from 12 November 2024. The cement and real estate business is expected to have a market value of €1.93bn, according to Reuters. FCC said in October 2024 that it had transferred related assets to Inmocemento. This included most of the assets from subsidiaries FCYC and Cementos Portland Valderrivas, in addition to FCC's cement plants and the share it owns in real estate developers Realia and Metrovacesa. All FCC shareholders received a number of shares in Inmocemento proportional to their holdings in FCC. Plans for the spin-off were first reported in May 2024.

Last modified on 13 November 2024
Published in Global Cement News
Tagged under
  • Spain
  • Inmocemento
  • FCC
  • corporate
  • Shares
  • spinoff
  • FCYC
  • Cementos Portland Valderrivas
  • GCW685
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