Fomento de Construcciones y Contratas (ES:FCC) has released an update.
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Inmocemento, S.A. is set to begin trading on the Spanish Stock Exchanges following a significant spin-off from Fomento de Construcciones y Contratas, transferring substantial shareholdings to Inmocemento. Shareholders of FCC will receive shares in Inmocemento, with the initial trading price set at 4.25 euros per share. This move is part of a broader restructuring effort to streamline operations and enhance market presence.
For further insights into ES:FCC stock, check out TipRanks’ Stock Analysis page.