Ferrovial has announced the relocation of its registered office to the Netherlands, describing the move as a routine alignment within the European market. The company makes clear that this relocation does not require special government authorization because it is a cross-border administrative action within the internal market and is not a strategic merger within the same corporate group. The move is framed as a functional adjustment rather than a shift in corporate control, and Ferrovial emphasizes that its global footprint remains rooted in its Spanish identity even as it expands its European presence.
Ferrovial’s communications team has stated that the company consulted its advisors about this decision in light of ongoing government scrutiny over whether an anti-opa shield could be applied and whether the transfer was necessary. There is an explicit intention to ensure that the government’s process is respected, indicating that any formal approval would come from the appropriate ministerial level if required.
The company underscores that Spain’s legal framework and the protections it provides for business stability stand on par with leading systems in Europe and beyond. Ferrovial has signaled plans to disclose a major new investment in Spain in the near term, underscoring its commitment to the domestic economy while pursuing international growth.
Failed attempt to contact Sánchez
Ferrovial’s leadership sought direct discussion with the prime minister to explain the rationale behind the transfer. While direct contact could not be established, the executive team has reiterated that the matter remains open for dialogue and that senior management is available at all times to provide clarifications to the government and its president.
A Ferrovial spokesperson indicated the operation has been in development for months. Shareholders who favor international expansion have pressed for continued growth, and the company notes that it has engaged with various government officials and shared its perspective with several ministries in recent days to ensure transparency and alignment with national policy.
Neutral financial impact
The executive team asserts there is no tax motive behind the move. From this stance, the relocation is portrayed as economically neutral and designed to benefit Ferrovial as a leading player in global infrastructure. The narrative stresses that the decision is anchored in the Spanish economy and its future prospects, rather than personal interests of any individual executive. Spain is portrayed as a country that remains a hub for ongoing, future-oriented projects.
Ferrovial also emphasizes that it does not intend to abandon Spain. The group plans to continue operating from its home base, fulfilling tax obligations, remaining listed on the IBEX, preserving jobs, and advancing projects across the country. A sense of national pride is invoked, suggesting that the company’s successful ventures abroad reflect well on Spain as a whole.
According to the company, moving the registered office to Amsterdam would involve reassigning roughly twenty employees to comply with the new jurisdiction, and would affect half of the board’s management committee. These operational implications are presented as manageable adjustments rather than strategic upheaval.
Single color yellow
In response to remarks from opposition leaders, the communications director emphasized that Ferrovial maintains relationships with a broad spectrum of governments worldwide. The executive stressed that the sole color associated with the company’s branding is the yellow of its corporate identity, complemented by the red associated with the Spanish team and a global outlook that transcends national boundaries.
In the wake of recent criticisms, ministers Nadia Calviño and Raquel Sánchez sent messages congratulating Del Pino on managerial achievements recognized in New York, highlighting the company’s focus on business leadership and successful execution of strategy.
Leaving Polo after 13 years
The company announced a leadership transition in communications, effective with the arrival of Patricia Leiva, formerly with Mahou San Miguel, on March 27. The outgoing director leaves Ferrovial after thirteen years of service, staying on briefly to ensure a smooth handover and transition for the team and stakeholders.