Juan Bejar, a major figure in the global concessions business, has taken on what may be the greatest challenge of his career as the new Vice Chairman and CEO of Fomento de Construcciones y Contratas, S.A. (FCC), one of Spain’s largest construction-real estate conglomerates.

Bejar will continue as head of FCC’s concession company, Global Via (GVI). Last year, Dutch pension fund PGGM and a Canadian counterpart, OPT, invested Euro 400 million (US$ 532 million) through a five-year convertible loan with option to increase the investment to Euro 750 million (US$ 997 million).