The merger initiative received formal approval from the company’s Board of Directors on February 28, marking a crucial milestone in the organizational reorganization. Following this decisive step, the appropriate notices were issued to the Trade Registry in the days that followed, and preparations are underway for publication in the Official Gazette. Yet the process continues beyond these legal filings. An announcement about a forthcoming convocation of the Ferrovial General Assembly will be issued subsequently, with the meeting scheduled to occur approximately 35 days later. The timing is expected to fall within the April to May window, aligning with the timetable necessary for the assembly to review and approve the resolution. This sequence ensures that stakeholders are informed and that the governance framework remains compliant with regulatory requirements, preserving transparency throughout the transition.
After the general assembly convenes, any shareholder who dissents from the decision retains a one-month window to exercise a preemptive right to repurchase shares at a price of 26 euros each. In conjunction with this option, Ferrovial has contributed 500 million in support of the repurchase program, which influences the overall transfer of social capital and affects the distribution of ownership among the remaining shareholders. If the convocation takes place on the current schedule, changes to the registered workplace are anticipated to be finalized no earlier than June. The interplay of these financial mechanisms and governance steps underscores the careful alignment required between shareholder rights, capital structure, and the broader strategic objectives guiding the merger process. [Source: Corporate Governance Update, 2025]