With respect to media reports regarding a report issued by the Spanish tax authority referring to Ferrovial Agroman‘s sponsorship of the activities of Palau de la Música and Orfeo Catalán, Ferrovial Agroman states the following:
- The company has no influence over the way in which Fundación del Palau de la Música and Orfeo Catalán use the funds donated to them as part of its sponsorship activities and, therefore, it is unaware of how such funds were used. All activities sponsored by Ferrovial Agroman, whether single concerts or entire seasons, referred to events which were actually organized by Palau de la Música. Ferrovial Agroman was cited as sponsor in all such cases.
- The tenders referred to in the tax authority’s report were conducted in conformity with stringent administrative procedures and complied with the legal principles and requirements: the bidding specifications established objective criteria for an accurate evaluation of the bids, and contracts were awarded to the bids that were most favourable to the public interest. The tax authority’s report did not analyse the above-mentioned procedures.