Ferrovial

Spanish economy 26th May 2022

ACS, Ferrovial both chosen to present final bids for the Inglewood Transit Connector, worth €1.3 Bn

Link Securities | The consortia led by Spanish infrastructure and services groups ACS and Ferrovial have been selected, along with a third alliance, by the authorities of the city of Ingelwood, in Los Angeles, to present their final bids for a the Inglewood Transit Connector contract. This contract is for the design, construction, financing, operating and maintenance of the automated transit connector, according to yesterday’s elEconomista.es. The project consists of…

World economy 21st April 2022

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…

Spanish economy 14th April 2022

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…

Spanish economy 18th February 2022

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…

Spanish economy 30th December 2021

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…

European economy 13th November 2021

Heathrow Airport still struggles to reach pre-pandemic passenger growth

More than 3 million passengers used Heathrow airport in October, encouraged by the easing of UK travel restrictions prior to the Autumn half-term holiday. Spanish infrastructure group Ferrovial is the largest stakeholder in Heathrow, with 25 percent.

Spanish economy 28th October 2021

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…

Spanish economy 27th July 2021

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…

Ibex, Markets, Spanish economy 7th April 2021

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.

Ibex, Markets 13th March 2020

Ferrovial Wins €725M Contract With The UK Ministry Of Justice

Ferrovial has won a contract from the UK Ministry of Justice for 632 million pounds (about 725 million euro) through Amey, its UK services subsidiary. This unit is currently up for sale and therefore deconsolidated from the Spanish infrastructure group’s accounts.

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