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h e G r o u p
Esther Alcocer
Koplowitz, chairman of
the Citizen Services Group,
described 2015 as
a historical year, with
the most important
milestones being the debt
refinancing and the capital
increase that allowed
the entry of Carso as a
shareholder
Juan Béjar,
vice-chairman and CEO
of FCC, explained the
Group’s restructuring
process that gave rise to
the capital increase and
said that “there is still a
lot to be done”
refinancing debt and the capital increase,
the largest one in the company’s history,
which allowed the entry of Carso as a refe-
rence partner of the Citizen Services Group.
Alcocer Koplowitz described 2014 ass
“the most difficult year of the harshest cri-
sis in the more than 100 years’ history of
our Group”. “Despite the difficulties”, she
added”, we always had the necessary de-
termination and were fully convinced that
we took the decisions that had to be taken
and that these were the correct ones”.
On his part, Juan Béjar, vice-chairman and
CEO of FCC, explained that 2014 marked
“the end of a cycle” in which FCC consoli-
dated its restructuring process by cleaning
up its balance sheet, its financial structure,
and EBITDA. In these circumstances, the
Group is now back on the road to recovery
and growth, although he warned that “there
is still a lot to be done”.