CEO railway, Ignacio Madridejos also wrote to Gonzalo García, Minister of State for the Economy, warning him: “must not prejudge or stipulate” The implementation of the financial neutrality regime of the merger, which will lead to the relocation of the company headquarters to the Netherlands, “a purely technical criterion corresponding to application to other organisms”. If it is shown in a letter to Madridejos, from Economy, that he does not see the existence of economic reasons for the march, which brought the Tax Office to the case, because there is no economic motivation in these operations, it will not be possible to implement the regime of Fiscal neutrality. In this situation, Ferrovial can go to the Netherlandsbut only after pay heavy taxes tax offices Spanish.
In the letter submitted by WorldThe Ferrovial CEO insists on the difficulties of being listed on the New York and Madrid stock exchanges at the same time, remembers that, as the Secretary of State for the Economy himself admits, no Spanish company trades directly on Wall Street and confirms: However, double listing from the Netherlands is a “well known” alternative. This statement is key, as both the Economics, market regulator (CNMV) and stock exchange manager (BME) have tried to overturn the argument by arguing that other Spanish multinationals are listed via ADRs and are in addition. willing to explore ways to facilitate double listing. Exactly this statement led to accusing the government of “turning back” because in their view this is a way of accepting that the “here and now” cannot be done.
Minister of Economy, Nadia Calviño admitted to seeing the letter from Ferrovial’s CEO. but he insisted that it was “none”. There is no distinguishing factor of the Spanish stock market in relation to any European or Amsterdam in particular”. Calviño “respected” the Board’s decisions, but insisted that it was in the Government’s interest that shareholders had “all relevant information” so that Make an informed decision “about the options or the possible risks of any decision”.