Ferrovial

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Ferrovial: partial divestment in Amey, wins three water projects in Texas

Renta 4 | Ferrovial (FER)‘s partial sale of its UK services affiliate Amey to the fund Rubicon Partners would be at an advanced stage, according to the press. We are talking specifically about the utilities business, focused on electricity and water. This activity invoiced 200 million GBP in 2020 (9.4% of the sales of this division in the UK and 3.5% of total group sales. More residual weighting in terms…


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Ferrovial Combines Protection Against Inflation With Exposure To Recovery In The Cycle; Buy. T.P. €28,5/share (-5%)

Bankinter | Exposure to North America and protection against inflation. Ferrovial offers a good combination of protection against inflation and exposure to the recovery in the cycle, via traffic. Of its total cashflow, 80% comes from North America (US and Canada), where the impact of the war in Ukraine will be less. And salaries have capacity to grow. Whatsmore, Ferrovial has a solid financial structure, with net cash in the…


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Ferrovial could earmark $1 Bn to build the new terminal at JFK airport

Renta 4 | Ferrovial, along with its partner Carlyle, could invest 1 billion dollars (approximately 880 million euros and accounting for 7% of the group’s construction portfolio) to build the new terminal at New York’s JFK airport. The concession period would last until 2060 and Ferrovial-Carlyle would hold 51%, according to the news. Valuation: Positive news, both at the quantative level (the size of the project) and the qualitative level (the…


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Cintra, Ferrovial’s Toll Road Subsidiary, Has Acquired 24.86% Of The Indian Company IRB Infrastructure Developers For €369 million

Cintra, Ferrovial’s toll road subsidiary, has completed the acquisition of a 24.86% stake in Indian company IRB Infrastructure Developers for €369 million. The deal has been completed after a preferential share issue by IRB Infrastructure Developers, a leading infrastructure player in India, where it manages 24 projects spanning more than 2,500 kilometers of toll road. As a result, Ferrovial is now a significant minority shareholder with representation on the company’s…



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Cintra (Ferrovial) Presents A Bid For Up To 24.9% Of Indian Company IRB Infrastructure Developers

Cintra, Ferrovial’s toll road subsidiary, has filed a bid to acquire up to 24.9% of Indian company IRB Infrastructure Developers, representing an investment of around 364 million euros. The deal will be conducted in the form of a preferential share issue. IRB Infrastructure Developers is a leading player in the Indian market, where it manages 23 projects and around 2,000 kilometers of toll road. If the deal is completed, Cintra…


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Ferrovial Sells Its Environment Business In Spain and Portugal To PreZero For 1.133 Bn Euros

Ferrovial’s Environment division recorded annual sales of 1.018 billion euros in 2020, gross operating profit of 130 million, including dividends, and had an order book of 2.177 billion at year-end. The company has a workforce of 16,000 employees and manages 140 recycling plants where it processes 5.6 million tonnes of waste each year. It also does street cleaning, selective collection and maintenance of green areas in more than 600 Spanish…


ferrovial texas

Ferrovial Gains Ground In Its US Talisman State With A €1.275 Bn Deal, Ahead Of Biden’s Investment Plan

The Spanish construction group has been awarded one of the largest road contracts of the year in the US to expand the I-35 interstate highway in Texas, with a budget that means 20% of the group’s total 2020 revenues. Ferrovial was chosen in 2005 as a strategic partner of the Texas government to design and build the TT Corridor 35. Furthermore, this US state is one of the Group’s largest markets given that its three largest consolidated concessions globally are located there.



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Ferrovial Closed 2019 with a Profit of 268 Million Euros

Renta 4 | Ferrovial (FER) obtained a net profit of 268 million euros last year, which managed to settle in “black numbers” and thus reverse the losses with which it had closed 2018 and had been justifying over the first three quarters of 2019, thanks to the capital gains from the sale of the Ausol highway in Malaga.