Ferrovial reports the completion of the sale of the environmental business in Spain and Portugal of its Services division.
Published on 12/01/2021
On corporate transactions
Pursuant to 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“) communicates the following:
OTHER RELEVANT INFORMATION
Reference is made to the communication of inside information of 27 July 2021 (registration number 1,005) regarding the agreement between Ferrovial International SE, a wholly-owned subsidiary of the Company, and PreZero International GmbH (a company of Schwarz Group) for the acquisition by an entity of PreZero Group of the environmental business in Spain and Portugal of the Services division of Ferrovial group.
After satisfaction of the conditions precedent to which the transaction was subject the completion of the sale has taken place today.
The price of the shares sold received by Ferrovial amounts to c.€1,032 million. This price has been set by reference to the data estimated by Ferrovial of the sold group’s balance sheet as of 30 November 2021, and is subject to review in the usual manner for this type of transactions.
The transaction is expected to result for Ferrovial in net capital gains at consolidated level of c.€330 million.
Madrid, 1 December 2021.
Santiago Ortiz Vaamonde
Secretary of the Board of Directors of Ferrovial, S.A.
More information about this Other Relevant Information
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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