UPDATE 2-Mexican billionaire Slim to take top stake in Spanish builder FCC

jueves 27 de noviembre de 2014 11:51 GYT

* Slim will invest 700 mln euros in indebted builder

* Slim to hold 25.6 pct stake, Koplowitz to retain 22.4 pct

* Investors welcome move despite steep share discount (Adds details on discount, earlier talks with Soros)

By Julien Toyer

MADRID, Nov 27 (Reuters) - Mexican billionaire Carlos Slim is set to become the largest investor in Spanish builder FCC after agreeing to buy top shareholder Esther Koplowitz's part of a $1.3 billion capital increase.

The deal means Koplowitz will lose control over the building group she inherited from her father, a German immigrant who built a construction empire during the years following Spain's 1936-1939 Civil War.

Slim's conglomerate Grupo Carso already holds small stakes in Spanish firms. But the investment of around 700 million euros ($870 million) in FCC, one of the Spain's top employers, is his highest profile move in the country.

Slim stepped in after talks between Koplowitz and George Soros broke down at the weekend.

In a statement to Spain's stock market regulator on Thursday, FCC said Slim's Inmobiliaria Carso would hold a 25.63 percent stake in the company following the capital increase. Koplowitz will see her stake reduced to 22.43 percent, from just above 50 percent now.   Continuación...