The new Ferrovial is now trading on the stock market


  • The new Ferrovial has over 100,000 employees in 49 countries
  • It has 48 billion euro in assets and 14 billion euro in annual revenues
  • Its infrastructures are used by 1.2 billion people each year.
  • The company has invested 68.2 billion dollars in transport infrastructure since 1985.

On the 7th December the new Ferrovial began trading on the stock market following completion of the Cintra-Ferrovial merger. The company’s capital is represented by 733,510,255 shares and its market capitalization is close to 5.8 billion euro.

The company is part of the blue chip Ibex 35 index and it is listed on the Madrid, Barcelona, Valencia and Bilbao stock exchanges and on Spain’s electronic market (SIB). Ferrovial opened at 7.77 euro per share, the price at which Cintra closed the previous Thursday, since the latter absorbed its parent company in the merger. With Cintra delisted, Ferrovial is represented by only one listed stock.

During the event at the Madrid Stock Exchange, Ferrovial’s Chairman, Rafael del Pino, highlighted the new company’s appeal to investors: “We have the advantage of being larger and having a larger free float, which provides greater liquidity and reduces volatility. Ferrovial is a very attractive investment because of the value of its assets and the share’s upside potential“.

CEO Iñigo Meirás noted: “The Cintra-Ferrovial merger has created a world leader in infrastructure management and services, and the top choice for investing in infrastructure”. Ferrovial, which has been listed since 1999, has appreciated sharply this year, by close to 50%, compared with an average of 27% by the Ibex 35 between January and November 2009 and 13% by the infrastructure sector.

The new Ferrovial is a world leader in developing and managing transport infrastructure and services. It operates in 49 countries and employs over 100,000 people; in 2008, revenues amounted to 14.1 billion euro and EBITDA to 2.738 billion euro.

The company has 48 billion euro in assets and has invested over 68.2 billion dollars in infrastructure since 1985. Ferrovial manages landmark assets such as the Chicago Skyway and Indiana Toll Road in the US, the 407 ETR in Canada, Ausol and Autema toll roads in Spain, and Heathrow and Stansted airports in the UK. It also provides services to more than 800 municipalities in Spain and to the millions of London Underground and Madrid Metro users.

New global leader in transport infrastructure and services

Construction and Services have been the main cash generators in recent years. Between 2001 and 2008, they provided 70% of the Group’s operating cash flow, which amounted to 5.5 billion euro. Ferrovial Agroman’s cash flow underpins the new Ferrovial’s diversification strategy.

This construction company operates in 12 countries and obtained 5.155 billion euro in revenues in 2008. It is also a leader in water management through subsidiary Cadagua. In recent years, Ferrovial Agroman’s international division has experienced double-digit growth. International markets are responsible for close to 40% of its revenues and backlog.

This company is a leading services provider in Spain and the UK. It has four large business areas: Amey, Swissport, Cespa and Mantenimiento y Conservación de Infraestructuras (MCI).

Amey maintains over 20,000 kilometers of highways.

Swissport provides services to 70 million passengers worldwide.

Cespa recycles waste produced by over 6 million people.

Ferroser maintains close to 3,000 buildings and 6,000 kilometers of roads Cintra: The company has approximately 16 billion euro in consolidated assets and 23 concessions in Spain, Canada, Poland, the US, Portugal, Ireland, Greece and Chile.

Cintra manages 2,841 kilometers of toll roads with an average concession period of 70 years.

Ferrovial Aeropuertos: Ferrovial is the world’s largest privately-owned airport company, with seven airports in the United Kingdom, one in Italy (Naples) and one in Chile (Antofagasta). Every year, 152 million passengers pass through those airports, which are served by 434 airlines flying to approximately 1,000 destinations worldwide.


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