An update from Ferrovial ( (ES:FER) ) is now available.
Ferrovial has agreed to acquire up to a 5.06% stake in the 407 ETR highway from AtkinsRéalis, increasing its total ownership to 48.29%. This transaction, valued at approximately 2.090 billion Canadian dollars, is structured in two parts and is expected to close in the second quarter of 2025. The 407 ETR is a significant toll road in the Toronto metropolitan area, crucial for reducing traffic congestion. This acquisition underscores Ferrovial’s long-term commitment to enhancing infrastructure and mobility in the region, strengthening its position in the North American market.
More about Ferrovial
Ferrovial is a leading global infrastructure operator, present in over 15 countries with a workforce exceeding 25,000 employees. The company is listed on Euronext Amsterdam, Nasdaq, and the Spanish stock market, and is part of the IBEX 35. Ferrovial is recognized for its commitment to sustainability, being included in indices such as the Dow Jones Best in Class Index and adhering to the principles of the United Nations Global Compact.
YTD Price Performance: -3.05%
Average Trading Volume: 424,441
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €27.85B
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