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Ferrovial reaches new all-time highs on the stock market ahead of its imminent debut in the United States

MADRID, 12 Feb.

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Ferrovial reaches new all-time highs on the stock market ahead of its imminent debut in the United States

MADRID, 12 Feb. (EUROPA PRESS) -

Ferrovial shares have reached new all-time highs on the stock market, after registering a slight drop at the beginning of the month as a result of its Capital Markets Day in New York and in view of its imminent stock market debut on the US stock market.

This Monday, its shares are trading at 35.8 euros, far from the 34.3 euros to which it fell on February 1 after disappointing the market with the announcement that it will distribute 1.7 billion euros among its shareholders until 2026.

After that initial negative reaction, the shares of the construction company chaired by Rafael del Pino returned to their growth path, closing all the following days up until now, with the exception of February 9, when they only fell 0.06%.

Since it announced its intention to move its headquarters to the Netherlands on February 28, 2023 to subsequently list in the United States, its shares have accumulated an increase of 36%, from the 26 euros at which it was listed at that time.

One of the main unknowns now is whether the company will continue to be listed in three markets at the same time (Madrid, Amsterdam and New York) or if it will stop listing in Spain to prioritize its listing in the United States.

Ferrovial managers have only stated that the New York listing will tend to prevail over the rest, as the company further increases its exposure and investments in the North American market.

However, they have not yet confirmed whether the Spanish price will disappear or whether it will be maintained despite New York's priority. For now, the prevalence of Madrid prevails over the symbolic transactions that occur in Amsterdam.

For example, this Monday, after 10:45 a.m., Spanish Stock Exchanges and Markets (BME) reflected a volume of 53,000 shares worth 1.8 million euros, in contrast to only 144 securities traded in the Netherlands for 5,133 euros.