With a quorum of 77.6%, the board has given the ‘green light’ for the operation whereby the Spanish parent company will merge with its Dutch subsidiary. The Spanish government has expressed its respect for the decision.
An absolute majority of Ferrovial shareholders who voted at the company’s shareholders’ meeting supported the company’s plan to move its headquarters to the Netherlands and voted in favor of the proposal.
With a quorum of 77.6%the board has given the ‘green light’ to the operation whereby the Spanish parent company will merge with its Dutch subsidiary, creating a new company in that country and the multinational ceasing to exist Spanish.
In any case, the door is still open for part of the percentage who voted against, not yet known, to exercise their right to vote. divorce lawthat is, sell your shares to the company because of your opposition to the execution of this transfer.
If only 2.56% of shareholders exercise it within a month of next Thursday, the operation will not go throughas the compensation to be paid by Ferrovial will exceed the limit of 500 million set in the terms of the operation.
For his part, he Spanish government He has shown his respect for the shareholders’ decision and has assured that he is working to attract investment and encourage companies in Spain to grow, create jobs and access financial markets “in the best possible conditions” .
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
