Ferrovial looks to raise international profile with Spanish/Dutch trading
16 June 2023
Spanish construction giant Ferrovial started trading today across exchanges in both Spain and the Netherlands, a step towards its wider plans for internationalisation.
Ferrovial SE says its longer-term plans include trading on the US stock market. Photo: Ferrovial
The move follows the creation of Ferrovial SE, the new parent company resulting from the merger of Madrid-based Ferrovial SA and its wholly-owned subsidiary Ferrovial International SE, based in Amsterdam.
The company’s board of directors first proposed the strategy in February, as a first step in raising its international profile and aligning its corporate structure with a longer-term strategy of internationalisation.
This could ultimately see the Ferrovial SE trading on exchanges in the US, where the company has been operating for some 20 years, but believes there are significant opportunities for growth.
Currently, Ferrovial operates in more than 15 countries and has a workforce of more than 24,000 worldwide.
At the start of its first simultaneous Spanish/Dutch exchange trading day, Ferrovial SE’s listing price is €28.92, matching the closing price of the last day of trading as Ferrovial SA.
The company is currently ranked in 11th position on Spain’s IBEX 35 index.
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