Spanish stock market to remove builder FCC from Ibex-35 index

lunes 4 de julio de 2016 12:47 GYT
 

MADRID, July 4 (Reuters) - Spain's stock market operator said on Monday it would remove construction firm FCC from the Ibex-35 index on July 18 due to the takeover offer launched by Mexican tycoon Carlos Slim.

The stock market operator said that once the details of the takeover bid were clear - such as how many of the shares would be left in free float - it would call an extraordinary meeting on July 27 to decide whether the company could return to the IBEX-35.

On Tuesday Slim gained control of the board of FCC, the latest step in his offensive after launching a takeover bid in March. He now owns around 33 percent of the firm and controls 55 percent of its voting rights.

Slim's offer for FCC, which was approved by Spain's market regulator last Wednesday, was made at 7.60 euros per share. (Reporting By Jesús Aguado; Editing by Angus Berwick, Greg Mahlich)