Ferrovial



Heathrow, Model For EU Airports

Santander | The growth in passenger numbers registered at Zurich in November (6.0 % vs. 6.0% est), Aena (6.9% vs 6.5% est) and ADP (5.4% vs 4.8% est) was more or less in line with our estimations, while the traffic in Fraport (4.7% vs 6.5% est) and Heathrow (3.3% vs 0.2%) remained below.

 




Ferrovial

Ferrovial, Plenary Create Netflow To Bid For Projects In Australia

Ferrovial has teamed up with the Australian company Plenary to bid for motorway and other infrastructure concessions in Australia and New Zealand. They will create a joint venture (the Netflow consortium) through Ferrovial’s concessionary arm Cintra. This market is a priority one for Ferrovial, basically because of its high profitability.


Ferrovial performance

Ferrovial Still 407 ETR Dependent

Carax- Alphavalue | 2016 is no great vintage for Spanish group Ferrovial (Add, France) which spent the year sailing into headwinds including the bankruptcy of one of its US toll roads in March, Brexit in June (36% of sales are generated in the UK) and the widening of South European sovereign spreads from October.


Ferrovial: The Best Scribe Blots Its Copy Book

The Ferrovial group is a world leader in private transport infrastructure development, not just in terms of the number of projects but also in terms of investment volumes. But with overseas investments of 72 billion euros, and a success story worthy of praise, it has had a setback in the US. This means, in practice, that the Spanish company will have to abandon the SH130 toll highway project (Trans-Texas corridor).


Constructors: The Erroneous Stigma Of The “Spanish Company”

Fernando Rodríguez | Barely 10% of Spain’s 6 listed constructors’ business is generated at home. But problems like the recent cancellation of the real estate plan included in Madrid’s Operacion Chamartin, due to the decision of the city council which is close to Podemos, are all contributing to maintaining the generic perception that they are “Spanish companies” subject to political risk.


Slim, Or The Art Of Buying At Bargain Prices

F. Barciela / F.G. Ljubetic | The bios about Carlos Slim, the third richest man in the world according to Forbes, are very clear about the origins of his fortune. He made the most of his money during the peso crisis by acquiring several blocks of shares in the biggest Mexican companies at a bargain prices. This is how he will acquire FCC, one of the biggest Spanish construction firms, for just…7.6 euros per share.