MADRID, Oct 10 (Reuters) - Spain's FCC has

agreed to sell a 25% stake in its environmental subsidiary FCC

Enviro to Canadian pension fund CPP Investments for 1 billion

euros ($1.16 billion), it said late on Thursday.

Following the deal, the construction and infrastructure

company FCC, majority-owned by Mexican billionaire Carlos Slim,

will retain a 50.01% stake in its subsidiary, while CPP will

increase its stake to 49.99%, the company added.

In a statement, FCC said it intended to use the proceeds to

address strategic opportunities and corporate needs.

FCC Enviro and its domestic and international subsidiaries

carry out environmental services activities through four main

platforms.

The transaction is subject to regulatory approvals.

In 2023, FCC sold around a quarter of its environmental

subsidiary to CPP for 965 million euros.

($1 = 0.8648 euros)

(Reporting by Jesús Aguado; editing by Emma Pinedo and

Muralikumar Anantharaman)