Ferrovial announces that its subsidiary Amey has reached an agreement to terminate the Birmingham Highways PFI contract, which involves the payment by Amey of GBP215mn.
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Published on 06/29/2019
Other on business performance and financial situation
Following article 226 of the Consolidated Text of the Spanish Securities Market Act (Texto Refundido de la Ley del Mercado de Valores), FERROVIAL, S.A. (“the Company” or “FERROVIAL”) informs:
Amey, a subsidiary of Ferrovial, has reached an agreement with the rest of stakeholders to terminate the Birmingham Highways PFI contract. The agreement involves the payment by Amey of GBP215mn, of which GBP160mn will be paid in 2019 and the remaining GBP55mn over the next 6 years. Amey will continue to provide services on an interim basis until 30 September 2019, and this period may be extended until 31 March 2020.
This agreement does not have impact on the profit and loss account of Ferrovial.
Madrid, 29 June 2019
Santiago Ortiz Vaamonde
Secretary non Director to the Board of Directors of Ferrovial, S.A.
English translation for information purposes only. In the event of discrepancies between the English and the Spanish version, the Spanish version shall prevail.
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