railwayowes everything to its founder, Rafael del Pino and MorenoHe passed away fifteen years ago, after being the head of the construction company for nearly half a century. Construction engineer, founded the company in 1952 After traveling around Europe and analyzing railway constructions in different countries, mainly Germany. There, he bought the machines he needed to start the business and signed the first contract of his life with Renfe. Two years later, the company built its first highway abroad in Venezuela.
Married to Ana Calvo-Sotelo Bustelo, sister of Leopoldo Calvo-Sotelo (head of the Government of Spain between 1981 and 1982), five sons: María, Rafael, Joaquín, Leopoldo and Fernando del Pino Calvo-Sotelo. The boy’s second and first son, Rafael, succeeded his father as head of Ferrovial in 2000, eight years before the founder’s death.
Today, 64 years old, he remains the chairman of the company and its largest individual shareholder with 20% capital. third richest man in spainAt the end of 2022 – according to Forbes – he has an inheritance of approximately 3,800 million euros and the 707th largest wealth in the world. He and the rest of his board of directors suggested that Ferrovial’s proposal to change its headquarters from Spain to the Netherlands is a controversial move that has brought it into conflict with the Spanish government. Taxation may be behind the move.
The president and founder’s other four or five children shared inherited assets separated from her father and mostly took different career paths. As some of Pino Calvo-Sotelo’s brothers had minimal or no family relationships, the fragmentation of his business legacy was testament to something that had already happened in the personal sphere. Almost all maintain a low public profile, and some don’t even have known photos.
20% of the capital makes Rafael del Pino, a Civil Engineer like his father and educated in the United States (MIT), the company’s largest shareholder since 2015. That year he and his four brothers split their holding company through those jointly controlled by Ferrovial. And broke the shareholders agreement He said they had already signed.
Young Rafael del Pino is behind Ferrovial companies’ buyout feverwas carried out mainly between 2000 and 2007. With this and other subsequent moves, he wanted to diversify the company geographically (to avoid being too dependent on trade in Spain) and on a business basis (to reduce the weight of civil engineering construction). ). One of the most intense points of the buying spree was when the British airport operator BAA bought it in an operation that would mean breaking off relations with Fernando, one of the five siblings, rather than buying it due to excessive prices and debt. would be drawn for this company. He chose to sell other assets and use the liquidity he obtained to pay for the BAA purchase at a better price with his own funds, not outside sources. The youngest of the epic voted against the operation in the assembly, but his voice was not heard and the purchase continued. Fernando later left Ferrovial, started his own investment company and never returned.
The president’s relationship with his younger brother is not the only topic of discussion. Rafael del Pino has been married twice and has six children, three from each marriage. (Raphael, Ignacio and Juan del Pino Fernández-Fontecha on the one hand; Alec, Tadeo and Cleo del Pino Gil-Casares on the other). He was involved with his second wife, Astrid Gil-Casares, in one of the most contentious divorces that took them to court; this was something that had hitherto seemed unthinkable to a hermetic man like del Pino.
the Allies
Under the general approach approved by 27 countries, Member States requesting data from platforms “single digital entry point” nationwide for data transmission between online short-term rental platforms and public authorities. Any house, apartment or room offered for tourist rental for a limited number of days per year will need to have a registration number so that the authorities can identify the “host”, i.e. the person requesting it. rent the house. The information they must provide includes from the address to the type of accommodation, whether it is part of the main or secondary residence, and the number of places. If the host is a natural person, he will need to provide a contact phone number, email address, national identification number and name.
In addition, online platforms will need to make “reasonable efforts” to run regular random checks to verify that there are no false reports or invalid registration numbers on the host. This, they think, will provide authorities with the data they need to organize the activity, while providing less bureaucracy and less cost for hosts and platforms. With this system, governments think that it will provide equal conditions with other agencies in the tourism sector (such as hotels, hostels or apartments) and will help fight fraud.