Madrid (EFE) to capital.
This was detailed on Tuesday by the infrastructure operator, which has revealed its intention to submit this operation to a vote by its shareholders on the same day that it has made its annual accounts public.
This social change will be made through a merger between the parent company and Ferrovial Internacional, a Dutch public limited company that already owns 86% of the company’s assets.
In a presentation sent to the National Securities Market Commission (CNMV), the group assures that it is not expected that this “corporate reorganization” will have an impact on “activity, employment or investment plans in Spain or in other countries where Ferrovial operates”.
Ferrovial links the changes to the Netherlands and the US to their “internationalization”
The operation, which has been approved this Tuesday by the Board of Directors of Ferrovial, implies that the head of the group will become a European public limited company (“Societas Europaea”) with registered office in the Netherlands.
The header will continue to be listed in Spain – which will remain as the “main source of talent development” – and will also do so in the Netherlands, as Ferrovial has clarified, explaining that after this, it will request listing in the US.
This reorganization, which only affects the group’s parent company, responds, Ferrovial points out, to its “growing internationalization”, so that the largest volume of its activity now comes from abroad.
In 2022, 82% of the revenue and close to 96% of the value of the group’s own funds came from its international business, while more than 90% of institutional investors are international entities.
“Employment, activity and investments will remain intact in Spain and with no relevant fiscal impact,” the company has assured.