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Equity

Madrid falls on political vacuum but FCC rises on rights issue

FCC Koplowitz, Esther, first vice-chairman for web

Stocks in Madrid tumbled on Monday, after Sunday’s election left the country without a clear prospect of a stable government. Yet one of the best performing shares was Fomento de Construcción y Contratas, the construction company, which maintained nearly all its gain after last Thursday’s news of a €709.5m rights issue.

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