The CNMV concludes that there is nothing preventing companies like Ferrovial from asking Spain to list in the US

The National Securities Market Commission (CNMV) ensured that Spanish companies can request to be incorporated in the United States without any obstaclesso it would not be necessary for companies like Ferrovial to move their headquarters outside of Spain in order to be listed on the US stock market.

This is the conclusion of the analysis he conducted CNMV together with Bolsas y Mercados Españoles (BME) at the request of the Government, which worked with these two entities to evaluate Ferrovial’s announcement that it would move its headquarters to the Netherlands to facilitate its leap into the United States.

However, as CNMV sources explained to Europa Press, this the possibility of inclusion in both countries It has not yet been raised by any Spanish company, apart from the use of ADR (American Depositary Receipt) instruments.

For this reason, the US depositary would be the one to analyze, if necessary, the specific requirements of Spanish issuers interested in this option, but the analysis concluded that “no element was identified that would make this possibility unfeasible”.

Ferrovial claimed for its transfer that its inclusion in the Netherlands would make it easier debut stock market in the United States. However, always according to the CNMV and BME analysis, the company could at least apply for listing in that country without traveling to the Netherlands.

In less than three weeks shareholders will vote on this proposal and the company could cease to be Spanish before next Octoberwhich the government directly opposed.

In fact, according to ‘El Confidencial’, Leopoldo del Pinobrother of Ferrovial’s president, Rafael del Pino, will vote against of this proposal at the shareholders’ meeting (controlling 4% of the capital) so that it is still Spanish, although it agrees to jump on the American stock market, something that has now become clear that it could be compatible.