(SeeNews) - Nov 26, 2013 - Spanish builder FCC (MCE:FCC) expects to soon reach a deal on the sale of 51% in its renewable energy division in the coming days. <br /> <br /> FCC has already selected a preferred bidder for the acquisition of the unit and if the due diligence is successful, the transaction can be completed by the end of the year, daily Expansion said today. <br /> <br /> With the sale of the renewable energy unit, FCC will manage to accelerate its divestiture policy aimed at generating revenues of EUR 2.2 billion (USD 3bn) by 2015. <br /> <br /> Put up for sale two years ago, the unit has faced deterioration of assets, due to the regulation reform in the electricity sector. <br /> <br /> The regulatory uncertainty made FCC terminate its agreement with Japanese trader Mitsui & Co Ltd (TYO:8031) for joint operation of wind and thermal solar assets.
Jun 9, 2026
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