TCI further increases its stake in Ferrovial to 8% of its share capital

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Alphavalue / Divacons | The Children’s Investment Fund (TCI) continues to strengthen its stake in the Spanish construction company and now holds 8% of its share capital. According to CNMV records, last Wednesday, one day before the Ferrovial General Shareholders’ Meeting, the fund acquired another package of shares with a current market value of close to €200 million.

On the other hand, the construction, services and concessions company appointed Banco Santander as agent for the management of the separation procedure that can be exercised by shareholders who are unhappy with the transfer of its headquarters to the Netherlands, a transaction approved last Thursday by a large majority of shareholders.

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The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.