Fomento De Construcciones Y Contratas, S.A. operates as construction and service group primarily in Spain. The company’s core business is to provide general services, which include mainly the collection and treatment of solid waste, the cleaning of public streets and drainage systems, the maintenance of green areas and buildings, water purification and distribution and other services. The company markets its services in European Union, U.S., and Latin-American markets. The company also owns holdings in other Spanish and foreign companies and is the parent company of the FCC Group. The company’s services portfolio includes the collection, treatment and elimination of solid urban waste, street cleaning, sewer maintenance, and parks maintenance. In this line of business, the FCC Group serves approximately 3,000 municipalities in Spain, France, the U.K., Portugal, Argentina, Venezuela, Puerto Rico, Mexico, Colombia, Chile, Brazil, and Egypt. The company’s activity is carried on mainly through three strategic business areas: Services, Construction, and Cement. Services The company’s services area specializes in environmental services, i.e. services related to urban cleaning, industrial waste treatment and the integral water cycle, and includes Versia, which provides various services, such as logistics, street furniture, passenger transport, vehicle roadworthiness tests, vehicle parking lots and ground aircraft and passenger handling, etc. The Services unit groups together the various activities relating to urban cleaning, such as the collection and treatment of solid waste, the cleaning of roads and sewerage systems, the maintenance of green areas and offices, industrial waste treatment and the integral water cycle. These activities are performed through the Parent Company Fomento de Construcciones y Contratas, S.A., FCC Medio Ambiente, S.A., Aqualia Gestión Integral del Agua and other subsidiaries of these companies and the Ambito brand. Versia provides various services, such as vehicle parking lots, street furniture, advertising, passenger transport, vehicle roadworthiness tests, ground aircraft and passenger handling, and logistics services to companies from various industries. These activities are carried on mainly by FCC Versia, S.A. and subsidiaries and the Flightcare brand. Construction The company’s construction area specializes in infrastructure construction projects, building construction and related activities, such as highways, freeways, roads, tunnels, bridges, waterworks, ports, airports, residential property developments, housing units, nonresidential building construction, lighting, industrial air conditioning and heating systems, environmental restoration, etc. The Construction area also encompasses the concession-holder companies (highways, tunnels, marinas, railways, trams and multiuse buildings). These activities are carried on by FCC Construccion, S.A. and subsidiaries. The Construction area also includes companies holding administrative concessions for the construction and operation of various infrastructures, such as highways, tunnels, airports, marinas and tram lines, and the construction and operation of buildings for various uses. Cement The company’s cement unit engages in the operation of quarries and mineral deposits, the manufacture of cement, lime, plaster and related pre-manufactured products and the production of concrete. The FCC Group is also active in the Real Estate industry, both through its 49.17% holding in Realia Business, S.A., with a presence in housing development and in the office and commercial premises lease market, and through the operation of the Torre Picasso building, which is 80%-owned by the Parent Company. These activities are performed by Cementos Portland Valderrivas, S.A. and Subsidiaries. Others The company also operates in the real estate industry through Realia Business, S.A., a company in which the Group and Caja Madrid each have a 50% ownership interest. The real estate activity focuses on the operation of exceptional office buildings and shopping malls owned by Realia Business, S.A. and on the development of real estate products for their subsequent sale. Significant Events Fomento de Construcciones y Contratas, S.A. has launched Global Via, a new concessions subsidiary. The new subsidiary is jointly owned by FCC and Spanish savings bank Caja Madrid.