MADRID, 12 Abr. (EUROPA PRESS) –
Norges Bank, the Norwegian sovereign wealth fund, has rectified its initial decision to position itself against the transfer of Ferrovial to the Netherlands at the general meeting of shareholders this Thursday and will now vote in favor of the operation.
This is how it appears on its website, in which a favorable vote appears in each and every one of the items on the meeting’s agenda, including 10.1, which is the one that deals with the cross-border merger of Ferrovial with its Dutch subsidiary , transaction that will allow this change of registered office.
Earlier, the fund noted that it would vote against this item on the meeting’s agenda, since operations of this type “should maximize shareholder returns” and take into account that “all shareholders receive equal treatment.” Instead, now it is only detailed that he will vote in favor.
Institutional Shareholder Services’ (ISS), a corporate governance advisory firm, has already warned about the risk that this operation entailed for minority shareholders, since Dutch law restricts the power of shareholders with less weight in capital more than Spanish law . Specifically, Norges Bank had 1.5% of Ferrovial’s capital at the end of 2022.
