Profile
The Inmocemento Group focuses its activity mainly on the real estate business through the development of rental assets and real estate development and land management, as well as on the cement business through the manufacture and marketing of cement and its derivatives.
Inmocemento carries out all its activities in the real estate and cement businesses through FCYC, S.A. (80.03% owned) and Cementos Portland Valderrivas, S.A. (99.028% owned), respectively, and their respective subsidiaries and investees.
The Group carries out its activities mainly in Spain. Specifically, the real estate area carries out most of its activity in this market (it owns some assets in the United Kingdom, Romania and Croatia), while the Cement unit carries out its activity mainly in Spain, but has a presence in other markets (mainly the United Kingdom and Tunisia).
Inmocemento was incorporated on 10 April 2024 in Barcelona (Spain) as part of a process of structural modification of the group of companies whose parent company is Fomento de Construcciones y Contratas, S.A. (‘FCC’). On 27 June 2024, the Ordinary General Shareholders' Meeting of FCC and the sole shareholder of Inmocemento (FCC) approved, on the basis of the corresponding common demerger project formulated by FCC and Inmocemento on 16 May 2024 and the corresponding report by an independent expert appointed for this purpose by the Commercial Registry, the partial demerger of the real estate and cement business units of FCC in favour of Inmocemento, by means of the transfer en bloc and by universal succession of the shares of FCYC, S. A. and Cementos Portland Valderrivas, S.A. owned by FCC, as the demerged company, in favour of Inmocemento (the beneficiary company of the demerger) in order to, as a single act upon execution of the demerger, assign the new shares issued by Inmocemento to the shareholders of FCC in the same proportion as their stake in the share capital of the latter (the ‘Partial Demerger’).
(On 7 November 2024, the public deed relating to the Partial Spin-Off was registered with the Commercial Registry.)