FRANCE "FCC Acquires ESG’s French Business in Environmental Services Deal"

02 Aug, 2024

FRANCE "FCC Acquires ESG’s French Business in Environmental Services Deal"

FCC Servicios Medio Ambiente has finalized the securing of Europe Administrations Bunch (ESG) operations in France. This key move marks FCC’s passage into the French squander administration advertise. ESG, which detailed a turnover of €98.7 million in 2023, utilizes over 2,000 individuals and works basically in the metropolitan ranges of Paris and Lyon. ESG gives a run of administrations counting civil squander collection, road cleansing, and proficient cleaning for both open and private clients through its four subsidiaries.

Iñigo Sanz, CEO of FCC Servicios Medio Ambiente, highlighted the noteworthiness of this procurement, communicating certainty in a smooth integration due to the social similitudes between the two companies. Sanz moreover invited ESG workers, emphasizing the continuation of high-quality administrations. Carlos Afonso, Chief of Advancement and M&A, famous the transaction’s completion ahead of plan and the unused commerce openings it makes for FCC in France.

Bird&Bird served as legitimate advise for FCC Servicios Medio Ambiente amid the securing. With over 120 a long time in the natural segment, FCC Servicios Medio Ambiente oversees about 25 million tons of squander yearly, serving 67 million individuals over 5,400 regions worldwide.