Ferrovial, in the face of the Government’s angry attacks: ‘Let no one doubt our continuity in Spain’

Ferrovial has once again tried to calm the uproar generated by its decision to relocate its corporate headquarters to the Netherlands, which has caused collective hysteria attacks by the Spanish government of PSOE-Unidas Podemos. The company’s CEO, Ignacio Madridejos, has emphasized that “no one should doubt our commitment to Spain.”

In a video released by the company, Madridejos explained that the plan is to maintain employment, activity, investments, and continue contributing fiscally, as Ferrovial has always done. He stated that the company wants to continue growing, and this decision is part of that goal.

Madridejos pointed out that the company’s international activities represent more than 80% of its operations, and its assets in North America account for 80% of its valuation. He also stressed that while Ferrovial’s primary market is in North America, its present and future are still in Spain and Europe. The CEO insisted that Ferrovial will continue to be listed on the Madrid Stock Exchange, regardless of its plans to pursue listings in Amsterdam and the United States.

Ferrovial’s announcement on Tuesday to move its headquarters to the Netherlands, a country with a triple-A credit rating that would facilitate access to Wall Street, has caused significant political controversy. While the government accuses the company of disloyalty to Spain, the right-wing has linked the decision to the left’s crackdown on the business world.

Ferrovial’s video message aimed to reassure the public and investors that the company remains committed to Spain, despite the relocation of its headquarters. The CEO emphasized that the move is part of a broader restructuring plan to align the company’s corporate structure with its business profile. He also expressed his enthusiasm for the new phase and hoped that it would excite many investors.

In summary, Ferrovial’s attempt to calm the political uproar is an important step towards maintaining its reputation as a responsible and committed company. The CEO’s video message demonstrated the company’s efforts to be transparent and provide clear explanations of its strategic decision. However, the company still needs to address concerns about its commitment to Spain and its workforce, as the relocation of its headquarters may have implications for employment and taxation.