"CPPIB Acquires Additional 25% Stake in FCC Enviro for €1bn, Freshfields Advises"

"Freshfields has advised the Canada Pension Plan Investment Board (CPPIB) on acquiring a 25% stake in FCC Servicios Medio Ambiente Holding (FCC Enviro) from Fomento de Construcciones y Contratas (FCC) for €1 billion. This follows CPPIB's previous acquisition of a 24.99% stake in FCC Enviro for €965 million in 2023, also advised by Freshfields. After this latest transaction, CPPIB will hold a total of 49.99% of FCC Enviro, while FCC retains 50.01%. The deal involved a team of legal advisors from Freshfields across various departments and locations."

Freshfields acted as legal advisor to Canada Pension Plan Investment Board (CPPIB) in its acquisition of a stake in FCC Servicios Medio Ambiente Holding (FCC Enviro) from Fomento de Construcciones y Contratas (FCC). The transaction involved CPPIB acquiring 25% of the share capital of FCC Enviro for €1 billion, following a previous acquisition in 2023 where CPPIB purchased 24.99% of the company for €965 million. After this latest transaction, CPPIB will hold a total of 49.99% of FCC Enviro, while FCC will retain the remaining 50.01%. The legal team from Freshfields included partner Armando Albarrán, senior associate Mario Pacini, associate Alberto Broseta, and trainee Xabier León, all based in Madrid. From the finance department, partners Aled Batey and Ana López, along with associate Inés Colás, contributed to the transaction. Partner Bosco Montejo and senior associate Álvaro Fernández provided advice on tax regulations. Of counsel Ignacio Borrego and associate Pilar Aguilar advised on Spanish regulatory aspects, while partners Paul Van Den Berg and Álvaro Pliego, along with associate Rosa Warning, offered guidance on competition law issues from the Amsterdam office.

"CPPIB Acquires Additional 25% Stake in FCC Enviro for €1bn, Freshfields Advises"

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