Key Developments: Ferrovial SA (FER.MC)

FER.MC on Madrid SE C.A.T.S.

31 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Ferrovial consortium chosen to expand London Underground
Monday, 8 Sep 2014 08:00pm EDT 

Ferrovial SA:Consortium comprising equal partners Ferrovial Agroman, Ferrovial subsidiary, and UK construction company Laing O’Rourke has been selected by London Underground (LU) to design and build Northern Line extension.Project worth 500 million pounds (around 628 million euros).Project is expected to be completed by 2020.Ferrovial Agroman and Laing O’Rourke will extend Northern Line from Kennington station, in south London.Project includes construction of two new stations, Nine Elms and Battersea, with two additional ventilation shafts, 6 km of new tunnel with internal diameter of 5.1 m.Moreover, Transport for London recently awarded consortium including Amey, Ferrovial Services subsidiary, 6.5 year contract to operate and maintain Docklands Light Railway in London.Contract worth 700 million pounds.  Full Article

Ferrovial Services to manage Ourense University Hospital Complex
Wednesday, 13 Aug 2014 08:00pm EDT 

Ferrovial SA:Ferrovial Services has been selected by Galicia Regional Government Health Service to deliver a range of non-medical services at the Ourense University Hospital Complex (CHUO).15-year contract encompasses energy supply, maintenance, cleaning and security services for the Nosa Senora do Cristal, Santa Maria Nai and Santo Cristo de Pinor hospitals.Contract worth 146 million euros.Complex has extension of 119,566 m2 and 852 beds.  Full Article

Ferrovial approves buy-back program
Monday, 28 Jul 2014 12:50pm EDT 

Ferrovial SA:Board of directors of company has agreed to carry out buy-back program.Maximum investment of the buy-back program to be 350 million euros.Number of shares to be acquired under program not to exceed 25,672,859 shares.Ferrovial not to buy shares at price greater than highest figure between price of the last independent trade and the highest independent bid of trading venues where purchase is carried out.Company not to purchase more than 25 percent of average daily volume of Ferrovial shares traded on regulated market in which purchase is carried out, with this limit applying to entire program.Buy-back program to remain in effect until Dec. 15.  Full Article

Ferrovial updates on Flexible Dividend program
Thursday, 17 Jul 2014 12:06pm EDT 

Ferrovial SA:Says on July 16 trading period for free-of-charge allocation rights ended.Holders of 44.32 percent of rights (325,126,615 rights) opted for receiving new shares.As a result, number of new ordinary shares of Ferrovial at nominal value of 0.20 euro per share issued under capital increase is 5,911,393 and nominal share capital amounts to 1,182,278.60 euros.Holders of 55.68 percent rights accepted company's purchase commitment.As a result, Ferrovial acquired 408,383,606 rights for gross amount of 118,839,629.35 euros.Share capital increase was closed on July 17.  Full Article

Ferrovial places 10-year 300 mln euro bond
Monday, 7 Jul 2014 08:00pm EDT 

Ferrovial SA:Completes 10-year 300 million euro senior bond issue.Bonds placed at 113 basis points over mid-swap.Coupon of 2.5 percent.More than 84 percent of issue was placed outside Spain, primarily in Germany, France, United Kingdom and Switzerland.  Full Article

Fitch upgrades Ferrovial rating to BBB; outlook stable-Reuters
Monday, 7 Jul 2014 10:24am EDT 

Ferrovial SA:Fitch upgrades Ferrovial credit rating to BBB from BBB- with stable outlook - Reuters.According to Fitch, upgrade is due to several factors combining improvement in operational risk profile and structured debt, along with continuing internationalization of company business.  Full Article

Ferrovial consortium chosen to operate and maintain Docklands Light Railway in London
Thursday, 3 Jul 2014 08:00pm EDT 

Ferrovial SA:Transport for London has awarded consortium comprising Amey, subsidiary of Ferrovial Services, and Keolis contract to operate and maintain Docklands Light Railway (DLR) in east London.Contract worth 700 million pounds (about 879 million euros).Amey has 30 stake in consortium.Amey and Keolis to manage train and passenger services throughout network, and maintain 34 km of infrastructure, 45 stations, 149 wagons and other rolling stock.Contract runs from Dec. 2014 to Dec. 2021, with possibility of extension.  Full Article

Ferrovial subsidiary wins metering contract with npower
Wednesday, 2 Jul 2014 08:00pm EDT 

Ferrovial SA:Says Amey, company subsidiary, has secured new metering contract with npower worth 35 million pounds (almost 44 million euros) over next five years.Amey to provide both gas and electricity metering installation and maintenance services for npower across North West of England, Wales and Scotland.  Full Article

Ferrovial consortium signs $655 mln US highway contract-Reuters
Friday, 27 Jun 2014 11:31am EDT 

Ferrovial SA:Consortium led by Ferrovial's Cintra Infrastructuras unit has won contract to build and maintain US highway I-77-Reuters.Contract worth $655 million.50-year contract, awarded by North Carolina Department of Transport, will be carried out by Cintra, Ferrovial subsidiary Ferrovial Agroman and US builder WC English.  Full Article

Ferrovial launches Flexible Dividend program
Wednesday, 25 Jun 2014 08:00pm EDT 

Ferrovial SA:Shareholders meeting has approved Ferrovial Flexible Dividend program.Under program shareholders can choose to receive remuneration in shares or cash, with their corresponding tax conditions.Ferrovial Flexible Dividend to replace traditional 2013 supplementary dividend payment income and interim dividend.Program to be executed in July.Each shareholder to be entitled to receive warrant, free of charge and of withholding tax, for every Ferrovial share he/she owns.Subsequently, he/she will automatically receive shares corresponding to number of warrants.Shareholder can choose to be paid in cash.Shareholder may also choose combined approach.Shareholders meeting approved two bonus share issues for this program, corresponding to 2013 supplementary dividend and 2014 interim dividend.  Full Article

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