Cpp Investment Board Europe S.à R.L. agreed to acquire 24.99% stake in FCC Servicios Medio Ambiente Holding S.A. from Fomento de Construcciones y Contratas, S.A. (BME:FCC) for approximately €970 million on June 1, 2023. Closing of the transaction is subject to receipt of customary closing conditions and regulatory approvals. Fomento de Construcciones y Contratas may use the liquidity obtained from the sale to satisfy the consideration for the Public Takeover Offer.

Fernando Torrente of Allen & Overy Spain acted as legal advisor to Fomento de Construcciones y Contratas. Santander Investment Bolsa, S.V., S.A. acted as financial advisor and Freshfields Bruckhaus Deringer LLP acted as legal advisor to Cpp Investment Board Europe S.à R.L. White & Case LLP acted as legal advisor to Fomento de Construcciones y Contratas, S.A. (BME:FCC).