Vauban Infrastructure Partners completed the acquisition of stakes in Cedinsa Concesionaria S.A., Concessió Estacions Aeroport L-9, S.A. and Urbs Iudex et Causidicus, S.A. from Fomento de Construcciones y Contratas, S.A..
April 07, 2021
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Vauban Infrastructure Partners agreed to acquire stakes in Cedinsa Concesionaria S.A., Concessió Estacions Aeroport L-9, S.A. and Urbs Iudex et Causidicus, S.A. from Fomento de Construcciones y Contratas, S.A. (BME:FCC) for approximately €410 million on October 5, 2020. Vauban will acquire 51% stake in Cedinsa, 49% stake in Concessió Estacions Aeroport L-9 and 29% stake in Urbs Iudex et Causidicus. The closure of the operation is subject to the usual authorizations, including the administrative and regulatory authority authorizations. Guillermo Guardia, Vilaseca, José María, Hermosilla, Javier and Carme Briera of Clifford Chance acted as legal advisors to Vauban.
Vauban Infrastructure Partners completed the acquisition of stakes in Cedinsa Concesionaria S.A., Concessió Estacions Aeroport L-9, S.A. and Urbs Iudex et Causidicus, S.A. from Fomento de Construcciones y Contratas, S.A. (BME:FCC) on April 8, 2021. Héctor Bros of Cuatrecasas Spain advised on novating the financing for FCC Construcción to disinvest in Cedinsa Concessionària and Concessió Estacions Aeroport L9.
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.
Vauban Infrastructure Partners completed the acquisition of stakes in Cedinsa Concesionaria S.A., Concessió Estacions Aeroport L-9, S.A. and Urbs Iudex et Causidicus, S.A. from Fomento de Construcciones y Contratas, S.A..
FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. 
