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IFM Investors to invest in FCC Aqualia with 49% stake
Transactions - MARCH 20, 2018

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IFM Investors to invest in FCC Aqualia with 49% stake

by Jody Barhanovich

IFM Investors, a global infrastructure management firm, has entered into an agreement with Fomento de Construcciones y Contratas S.A. (FCC), a European services groups, to acquire a 49 percent stake in FCC Aqualia S.A. (FCC Aqualia).

The aggregate purchase price for the 49 percent stake in FCC Aqualia is €1.024 billion ($1.25 billion). Financial close is anticipated by end of August 2018.

This transaction represents IFM Investors’ first Continental Europe water company investment and its third globally. IFM Investors has experience in the sector, having invested in Wyuna Water in Australia and Anglian Water in the United Kingdom in 2003 and 2006, respectively.

FCC Aqualia is the FCC parent company for end-to-end water management. It controls all stages of the water cycle, from the supply of drinking water to the treatment of wastewaters. Representing 23 percent of the Spanish water management market, FCC Aqualia is a private water management company in Spain

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