Canada Pension Plan Investment Board (CPP Investments) has agreed to pay €1 billion ($1.2 billion) for an additional 25 percent interest in FCC Servicios Medio Ambiente (FCC Enviro), the environmental services division of FCC Group.
FCC Enviro is one of the largest vertically integrated environmental services companies globally, operating across the waste value chain — from collections and treatment to recycling, recovery and disposal — and providing essential services to more than 78 million people across 12 countries.
CPP Investments paid C$1.44 billion ($1 billion) for its initial 24.99 percent stake in the company in 2023, according to the Canadian Press. Since then, FCC Enviro has completed four strategic acquisitions, including a first investment in France and expansion into the U.S. energy-from-waste sector.
“Increasing our stake in FCC Enviro deepens our commitment to a proven platform that plays a unique role in advancing the global cir
