Ferrovial Servicios has reached an agreement to acquire the British company Enterprise plc
Published on 02/21/2013
In accordance with the provisions of article 82 of the Spanish Securities Market Act (Ley del Mercado de Valores), FERROVIAL, S.A. (FERROVIAL) communicates the following:
REGULATORY DISCLOSURE
Today Ferrovial Servicios, S.A. (Ferrovial Servicios), a subsidiary of FERROVIAL, reached an agreement with 3i Group plc to acquire 100% of the share capital of Enterprise plc (Enterprise). The investment to be made by Ferrovial Servicios amounts to a firm value of 385 million GBP (443 million EUR). The scope of the operation does not include the joint venture that Enterprise signed with Mouchel Limited (Mouchel) for the maintenance of motorways in the United Kingdom.
Enterprise is one of the leading British companies providing services to utilities companies as well as to public sector infrastructures. In 2012 its revenue totalled 1.1 billion GBP (1.3 billion EUR) and its gross operating profit 60 million GBP (69.1 million EUR), excluding the joint venture with Mouchel.
For Ferrovial Servicios, present in the United Kingdom through its subsiary Amey, this acquisition facilitates its entry into the utilities sector, in addition to strengthening its environmental services offering.
Closure of the transaction is foreseen for no later than April 2013, after approval is received from the competition authorities.
A presentation regarding this operation is scheduled for 17:00 horas (CET) today. The event may be attended via conference call. The Department of Investor Relations (91 586 2565) will provide the relevant telephone numbers to any interested party.
Madrid, 21 February 2013
Santiago Ortiz Vaamonde
Secretary of the Board of Directors, Ferrovial, S.A.
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