ConvEx acted as IFA to determine the adjustment to the conversion price required as a result of FCC’s €1 billion rights issue.

ConvEx acted as IFA to provide an opinion that no adjustment to the conversion price was required as a result of Sacyr’s new €250 million issue of 4% convertible bonds due 2019 which were placed with new investors.

ConvEx acted as IFA to provide an opinion that no adjustment to the conversion price was required as a result of FCC’s issue of warrants with floating strike to certain of its creditors in the context of a c.€4.5bn debt restructuring.