Update: Ferrovial shareholders back move eyeing US capital markets

Credit: Ferrovial

Ferrovial’s shareholders have voted to approve a plan that will the Spanish giant maneuver to gain access to the US stock exchange.

Under the proposal, the firm will initiate listing in the Netherlands as well as its native Spain, and will apply for listing in the United States “at a later date”. The move would be made by merging Ferrovial SA and Ferrovial International SE.

The move was backed by over 93% of the firm's shareholders.

The plans have drawn fire from the Spanish government, which, due to the longstanding corporate/governmental ties, views the company as a national heritage asset. In an effort to quell concerns, Ferrovial chairman Rafael del Pino said the firm “is not leaving Spain”.