hedge fund Investment for Children (TCI) expanded its position at Ferrovial the day before the final Shareholders Meeting, which will vote on the relocation of the company headquarters to the Netherlands. Third largest shareholder of Spanish infrastructure company bought 1% of the capitalControlling 8.009% of Ferrovial entirely through financial instruments.
This ‘hedge fund’ movement, which is also featured in Cellnex and Aena, is a continuation of the movement carried out on March 15. Before the Ferrovial Board of Directors announces its intention to transfer the headquarters, TCI had 6% and it increased to 7% after hearing the news.. The Children’s Investment currently holds the equivalent of 58 million shares. Market capitalization of over 1,610 million eurosconsidering that the stock closed the session at 27.64 Euros.
BME delists Spanish company Ferrovial
Bolsas y Mercados Españoles, after approval of the transfer to the Netherlands by the Shareholders’ Meeting, effective on the day the merger takes effect, It will pull the Spanish company out of Ferrovial, including the European company at the same timeInternational Railroad.
It is pending that the Spanish stock market operator reports “number of shares and floating coefficient for calculating indices in Ferrovial Internacional SE”. Further in the submitted document, “the adjustment to the inclusion and exclusion of equities from the affected indices will be made at the closing session before the merger becomes effective” and that the “adjustment is agreed to be listed on the Securities Market Interconnection System of Ferrovial Internacional SE on the day the Merger is formalized”.