Corporate finance: FCC — Living with less liquidity

Baldomero Falcones with Esther Koplowitz, principal shareholder of FCC: confident of the future

FOMENTO DE CONSTRUCCIONES y Contratas (FCC) has its origins in one of Spain’s oldest companies, listed since 1900. A constituent of the Ibex35 index, FCC’s business composition – which has increasingly diversified from its heritage in construction and most recently embraced renewable energy – makes it an archetype of the rapid development of the Spanish economy in recent decades. Despite energetic efforts to broaden its revenue base, FCC has suffered as the global financial and economic crisis has gathered pace.