Fomento de Construcciones y Contratas S A : Ashurst advises FCC on the sale of a 49% stake in its UK EfW portfolio to iCON Infrastructure Partners
August 05, 2020 at 08:38 am EDT
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International law firm Ashurst has advised the Spanish construction company Fomento de Construcciones y Contratas S.A. in relation to the sale of a 49% minority stake in Green Recovery Projects Limited, a holding company for five UK energy from waste facilities, to iCON Infrastructure Partners. The EfW facilities are located at Allington, Eastcroft, Buckinghamshire, Edinburgh and Lincolnshire.
The Ashurst team was led by partner Jason Radford and included partners Patrick Boyle, Bruce Hanton, Nick Stalbow, Cameron Smith and Anthony Johnson. They were assisted by senior associate Harry Thimont, associates Camilla Booth-Clibborn, Helen Raynsford, Alexander Robinson, Alice Rosenshaw, Abigail White, Viktoria Grohmann and Grahame Fischer. Partner Duncan Liddell and senior associates Laura Carter and Tom Punton advised on competition law matters, counsel Eleanor Reeves and senior associate James Nierinck advised on environmental matters, partner Jamie Chapman, counsel David Razzell and associate Victoria Stagg advised on real estate matters, and partners Nicholas Gardner and Alexander Cox and associate Becky Hart advised on tax matters.
Jason Radford commented:
"As a team, we are delighted to have been able to help the multi-jurisdictional FCC team on such an important strategic transaction. Having worked with FCC for many years on the underlying projects in the portfolio, it is an endorsement of the relationship that we have been able to assist on the joint venture with iCON. This is further evidence of our leading position in the waste management sector across corporate, finance and project development areas."
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For further media information/interview opportunities please contact:
Isabelle Colla
T +44 (0)20 7859 3217 / +44 (0)7920 725 219
E isabelle.colla@ashurst.com
Notes to editors:
Ashurst is a leading international law firm with world class capability and a prestigious global client base. The firm's in-depth understanding of its clients and commitment to providing exceptional standards of service has seen it become a trusted adviser to local and global corporates, financial institutions and governments on all areas of commercial law. The firm's people are its greatest asset and it brings together lawyers of the highest calibre with the technical knowledge, industry experience and regional know-how to provide the incisive advice clients need.
Ashurst has 28 offices in 16 countries and offers the reach and insight of a global network, combined with the knowledge and understanding of local markets. With 400 partners and a further 1,300 lawyers working across 11 different time zones, the firm is able to respond to clients wherever and whenever required. As a global team, Ashurst has a reputation for successfully managing large and complex multi-jurisdictional transactions, disputes and projects and delivering outstanding outcomes for clients.
Fomento de Construcciones y Contratas SA (FCC) is a Spain-based company primarily engaged in the provision of environmental services. The Company's activities are divided into four business areas: Environmental services, Construction, Water management and Cement. The Environmental services division focuses on street cleaning, maintenance of urban parks and gardens, industrial waste management, waste treatment and recycling, among others. The Construction division offers engineering and construction of civil works, such as roads, railways, airports and hydraulic projects, as well as residential and non-residential buildings. The Water management division operates an integrated water management cycle, which includes intake, purification, treatment and distribution of the waste water. The Cement division manufactures cement, concrete, aggregate and mortar. The Company operates through numerous subsidiaries in Europe, the Americas, Africa and the Middle East region.
FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. 
