railway will move its registered office Spain with Hollandthrough a merger between the parent company and Ferrovial International, a Dutch public limited company that currently owns 86% of the company’s assets. It will be a foreign company that will absorb the matrix, but this will not have any repercussions in our country. “Ferrovial Construcción España is still in Spain and Cintra continues as a company here with its employees,” the infrastructure giant’s official sources told EL PERIÓDICO DE ESPAÑA from the Prebnsa Ibérica group.
In parallel, the company It will go public on the Euronext exchange in Amsterdam, one step before the bell rings in the USA., without leaving the Ibex-35. The company has not confirmed which index it wants to be listed in in North America.
The main reason why Ferrovial suggests making this move “It is to have better access to capital markets”. right now evaluation Rating agency Standard & Poor’s gives the Netherlands a grade of AAA, while stating that Spain is only rated A. It’s a company that needs a lot of funding because of the type of project.” Additionally, Ferrovial argued: you move to a country with a “stable” legal framework.
Tax burden will not change in Spain
This movement between countries will have no meaning for the Spanish Treasury. “From a financial point of view, there is no change. There may be minor changes in the dividend payment from the parent company. It could mean a reduction of between 1% and 2% of the tax burden in Spainthey explain. Ferrovial points out that this corporate structuring will not have an impact on the investment plans in our country.