Ferrovial

Spanish economy 8th April 2024

Ferrovial, Acciona and Sacyr win €3,131-million contract for construction and 30-year concession for 35-km Lima ring road

Ferrovial (FER) informed the CNMV that the Anillo Vial Periférico Consortium formed by FER, Acciona (ANA) and Sacyr (SCYR) has been selected to develop the Anillo Vial Periférico de Lima (Peru) project under the concession format with an investment of $3.4 billion (about €3.131 billion). This amount includes contributions of public funds from the government. Within the consortium in charge of the project, FER, through its toll road subsidiary Cintra,…

Relevant News Item 8th January 2024

Ferrovial expected to be listed on Nasdaq in first quarter of this year, joining the Russell Indexes

Bankinter| Ferrovial has notified the SEC, the US stock exchange regulator, of its intention to list on the Nasdaq. The aim is to ring the bell before the end of the first quarter of this year. The choice of Nasdaq over NYSE is due to several reasons: lower cost, electronic trading and greater dynamism. Analysis team’s opinion: Ferrovial had already announced its intention to list in the US. In fact,…

In Europe 12th September 2023

Ferrovial (Budimex) wins Latvia’s largest international contract for high-speed rail construction (€3.7 billion)

Intermoney | Ferrovial (FER), through its listed subsidiary Budimex, has been awarded the construction of a high-speed railway line in Latvia, as part of the Rail Baltica project. The contract, which involves an investment of €3.7 billion, is a consortium between Budimex (30%) and two other companies, France’s Eiffage and Italy’s Rizzani. It is Latvia’s largest international contract for the construction of the high-speed main line included in the high-speed…

Relevant News Item 25th August 2023

Ferrovial, among companies with self-help plans, trading at P/E of 9.2x by 2025

Morgan Stanley: The consensus narrative has been improving thanks to the resilience of US macro data and the expectation of a soft-landing, but in an environment of still high rates and with the hasty deterioration of data in the Chinese economy, uncertainty remains around where we are in the economic cycle. In this context, it is important to find stocks that offer Alpha through self-help initiatives such as improved governance,…

Companies, Relevant News Item 14th August 2023

Ferrovial completes financing for expansion of North Tarrant toll road in Texas for almost €378 million

Link Securities | Ferrovial (FER) has completed the financing of the expansion of the North Tarrant Express (NTE) toll road in Texas (United States), for a total of 414 million dollars (almost 378 million euros), according to elConfidencial. According to a statement issued by the Spanish company on Friday, the transaction was carried out through the NTE Mobility Partners consortium, led by its subsidiary Cintra (62.9% stake), and within the…

European economy 6th July 2023

Ferrovial reaffirms commitment to air taxis and signs agreement with Milligan to develop vertiports in UK

Link Securities | Ferrovial (FER) is making progress in its bid to become a major player in the booming air taxi business, according to elEconomista. Ferrovial has just sealed an alliance with British firm Milligan to boost this activity in the UK with the development of its first vertiports in the country. The group’s initial road map includes venturing into this area in the United States, the United Kingdom and…

Companies, Spanish economy 20th April 2023

TCI further increases its stake in Ferrovial to 8% of its share capital

Alphavalue / Divacons | The Children’s Investment Fund (TCI) continues to strengthen its stake in the Spanish construction company and now holds 8% of its share capital. According to CNMV records, last Wednesday, one day before the Ferrovial General Shareholders’ Meeting, the fund acquired another package of shares with a current market value of close to €200 million. On the other hand, the construction, services and concessions company appointed Banco…

In Spain, Spanish economy 14th April 2023

76% of shareholders attend Ferrovial Shareholders’ Meeting, 93% vote for move to Netherlands

Fernando González Urbaneja | Ferrovial’s shareholders’ meeting passed with evident calm and a consensus materialised in 76% attendance and 93% of votes in favour of the decision to move the company’s headquarters to the Netherlands. All the dust that has swirled around the agreement to move the company’s head office has come to nothing for the company’s shareholders, who have validated the board’s proposal without criticism and without any rejection…

Companies, In Spain, Spanish economy 13th April 2023

Ferrovial AGM to vote today on HQ change, which would be approved by 50% of shareholders; Norges rectifies and will support the proposal

Intermoney: Ferrovial’s Shareholders’ Meeting will debate and vote today on the Board of Directors’ proposal to move its registered office to the Netherlands, in order to be able to list on Wall Street without having to resort to ADRs. The proposal, announced on 28 February, has caused considerable political turmoil. In the event that the measure is approved, shareholders who oppose it could exercise their right of separation by selling…

Spanish economy, Spanish Politics 12th April 2023

Government vs. Ferrovial, an asymmetrical equation

Fernando González Urbaneja | It is not often that a government directly confronts a business decision taken by a responsible collegiate body. And when it does happen, it is not often that the government ends up getting fleeced. The relationship of political power with any business, no matter how large, is usually asymmetrical, in favour of the executive. Businessmen avoid confrontation because even if they achieve their aims, they always…

« 1 2 3 4 … 10 »