ECIJA advises FCC on the €1.6 billion spin-off of its real estate and cement divisions, forming **Inmocemento**. The firm also supports **Inmocemento’s €1.9 billion IPO**, marking its public market debut. Both transactions restructure FCC’s core construction and materials businesses.
Inmocemento is launching an initial public offering (IPO) valued at **1.93 billion euros**, backed by **454.9 million shares** priced at **4.25 euros each**. The company filed its listing details with Spain’s National Securities Market Commission (CNMV). The IPO marks a major capital-raising step for the construction and real estate developer.
Inmocemento, Spain’s largest real estate developer, prepares for its initial public offering (IPO) with a valuation of **$2.1 billion**. The company, known for residential and commercial projects, seeks to raise capital through the market debut. Inmocemento operates across Spain and Portugal, targeting expansion in high-demand urban markets.
Melinda French Gates has acquired a **4.3% stake in FCC**, coinciding with Bill Gates’ recent reduction of his own stake from **5.7% to 1.9%**. The moves follow FCC’s proposed spin-off of its **Cement and Real Estate divisions**, aimed at unlocking shareholder value. Analysts question how the **Cement division** will integrate post-spin-off, given its unclear strategic fit.
