MADRID (approved) .- The businessman Carlos Slim made a strategic move Tuesday in the Spanish construction company FCC, which is shareholder (with 25.6% share), to ensure that the Board of Directors appointed as Mexican delegate Carlos Jarque, who from today will direct the destinies of the company director.
The billionaire and assumes control of FCC, which was held by the Koplowitz, whose main shareholder family, Esther Koplowitz , had to give Slim domain because of the massive debt and lack of cash generation.
Jarque, CEO of International, Corporate and Government Affairs America Movil and Carso counselor replaces in the direction of the company to the Spanish Juan Béjar.
In its printed edition on Tuesday, the economic newspaper Cinco Dias’ Jarque said that a man of absolute confidence and Slim will be the belt to know the daily life of FCC.
He recalled that executive was candidate for the Prince of Asturias Award for Social Sciences and chaired the World Commission for Statistics United Nations (UN). He has also held positions in the Mexican government as president of the National Statistics Institute, secretary of the National Development Plan of Mexico between 1995 and 2000, and led the Inter-American Development Bank (IDB).
The movement Initial to facilitate the departure of Bejar came amid a period of uncertainty, because the Spanish government decided to exercise the clause controlling shareholder change, which resulted in a loss of up to 25% of the market value of FCC, which will Jarque the first challenge, and should also face the hefty borrowing remains high. According to industry sources, Slim already working on a new refinancing plan.
Another drag on the company’s harder before landing Slim FCC stage is that the area of infrastructure ( Construction and Cementos Portland) has more than a year without participating in a tender of international importance.
The various movements led to divest assets and agree on the output of more than 4000 people, for a central package of shares in the company was acquired by Slim amounting to around one billion euros
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