Fomento de Construcciones y Contratas, S.A. announces an Equity Buyback for 1,700,000 shares, representing 0.4% for €20 million.
July 28, 2021 at 03:04 am EDT
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Fomento de Construcciones y Contratas, S.A. (BME:FCC) announces a share repurchase program. Under the program, the company will repurchase up to 1,700,000 shares, representing 0.39% share capital for €20 million. The shares repurchased will be used to reduce the share capital. The program will expire on September 30, 2021.
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. 
