Ferrovial denies that his transfer was due to a lack of legal certainty and is investing heavily in Spain

Railway understands that the transfer of the headquarters to the Netherlands does not require any permission from the Government since it is part of the common European area, and points out that antiopian armor It is intended for takeover bids of foreign companies, not mergers of two companies of the same group. At least that’s the way his advisers are conveying it to him, according to the group’s communications director, Juan Francisco Polo, in an interview with TVE, after the government indicated it was studying whether this transfer needed express approval from the Council of Ministers.

In addition, Polo wanted to make it clear that “Spanish legal stability is on par with the best in the world and in all European countries”, qualifying the first communication in which it announced the operation to the market, in which the company stated that the Netherlands has a “stable legal framework ” which justifies their transfer to that country, something the opposition used to attack the government for its tax policy.

In this sense, Polo intoned “mea culpa” for the wording of the statement, noting that not all reasons were clearly explained, reiterating his commitment to Spain. In that sense, it was advanced Ferrovial is working on announcing a major investment in Spain in the coming days.

Failed attempt to communicate with Sánchez

In addition, the group’s communications director explained that the president of Ferrovial, Rafael del Pinoinvited the Prime Minister, Pedro Sánchezto explain firsthand the reasons on which this transfer is based, but that he was unable to talk to him, and points out that the petition is on the table and that Del Pino is available to the Government and its president 24 hours a day to give all explanations.

A spokesman for Ferrovial insisted that the operation had been in the works for months after many of its shareholders realized it was necessary for the company’s continued international growth and that, after it was completed, they contacted various government bodies and specified that they were sharing their views in recent days with different ministries.

Neutral fiscal effect

In addition, he pointed out that there is no tax reason behind this measuresince from a tax point of view this transfer is absolutely neutral and does not obey the personal interests of Rafael del Pino or anyone else, it is only in the interest of the company to always be a major international player in the world of infrastructure with its roots in Spain, which is “and further the land of the present and the future”.

In this regard, he reiterated that the company is not fleeing or running away from Spain, as it will continue to operate here, fulfilling “excellent” all its tax obligations, listing on Ibex 35, maintaining employment and developing all projects. In addition, he understands that it should be a source of pride for the Spanish company to succeed beyond its borders.

The change of registered office to Amsterdam will entail the relocation of around 20 people to comply with legislation and will affect 50% of the board of directors.

Run away from party politics

Asked about some of the statements of the opposition leader Alberto Núñez Feijoo, Polo emphasized that the company had relations with governments of different signs in Spain and in the world and that the company’s only color is yellow corporate identity and the red color of the Spanish team.