MADRID, 18 Mar. (EUROPA PRESS) –
Ferrovial is running out of time to meet its forecast to begin trading on the United States Stock Exchange in the first quarter of the year, since just two weeks before the end of March it has still not presented the required information.
Company sources have not been able to specify to Europa Press the date on which this information will be presented, although they assure that it is being prepared and will be delivered soon, thus opening the door to a delay that will go beyond the first quarter.
In the last conference with analysts called to explain the latest financial results for the year 2023, the company’s CEO, Ignacio Madridejos, already announced that the listing on the Nasdaq was pending the submission of those financial accounts to the US regulator.
At the moment, the records of the United States Securities and Exchange Commission (SEC) show that the last documentation was delivered on January 5, and was in reference to the prospectus for registration on the Stock Exchange.
In this way, the company has yet to deliver the accounts and, as ‘Cinco Días’ has announced, also other relevant information about the latest operations carried out by the company such as its recent acquisition in India.
Specifically, through its toll road subsidiary Cintra, it agreed to acquire 24% of IRB Infrastructure Trust from GIC – Singapore’s sovereign fund – for a total of 740 million euros. IRB is an infrastructure investment fund with 12 highway concessions in India and a committed portfolio of three additional concessions.
Following the closing of the transaction, GIC will continue to maintain a 25% stake in said fund and IRB Infrastructure Developers will retain its current 51%.
