Ferrovial

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Ferrovial SA

logo
legal form Sociedad Anónima (public company)
ISIN ES0118900010
founding 1952
Seat Madrid , SpainSpainSpain 
management Ignacio Madridejos ( CEO )
Number of employees 74.032
sales EUR 9.7 billion (2014)
Branch Construction
Website www.ferrovial.com
As of December 31, 2015

Ferrovial SA ( Grupo Ferrovial ) is a worldwide operating Spanish construction company based in Madrid . It is currently active in more than 25 countries and has around 74,000 employees (December 2015). Ferrovial is listed in IBEX 35 .

The company's founder was Rafael del Pino , who started a railway construction company with the company name Ferrovial in 1952 . Around 40 percent of the company's capital is controlled by the Del Pino family. Of these, the children of Rafael del Pino, Rafael 20.1%, María del Pino y Calvo-Sotelo 8.090%; Joaquín del Pino y Calvo-Sotelo 2.524% and Leopoldo del Pino y Calvo-Sotelo 8.296 percent of the company's shares.

activity

Ferrovial operates five main businesses:

Services

This includes urban and environmental services and the associated maintenance of installations and infrastructure. This includes the company FerroNATS, with tower and pilot service.

Highways

Investments and construction of motorways and the associated maintenance of the infrastructure. With the Ferrovial subsidiary Cintra , the company is currently represented in  Canada , the USA , Spain , Great Britain , Portugal , Ireland , Greece , Colombia and Australia . Here 28 concessions with more than 2,232 kilometers of roads are operated, in Spain for example the sections of the Autopista del Sol Málaga - Estepona - Guadiaro , in Canada the 407 ETR , in Dallas , USA the LBJ Express .

Construction

Design and construction of complex infrastructures, administrative and industrial buildings. Ferrovial Agroman, the construction company, has completed more than 4,600 kilometers of railway lines in Spain since 1952. Around 700 kilometers of this are high-speed lines for the AVE . The routes connect: Madrid with Andalusia ( Seville and Málaga ) 160 kilometers in length; Madrid with Barcelona (to the French border) with 237 kilometers; Madrid with the northeast ( Segovia , Valladolid , Galicia , Basque Country and Asturias ) with 128 kilometers; Madrid - and the Mediterranean region ( Valencia , Castellón , Murcia ) with 197 kilometers.

Airports

Investments and operation of airports: These include the British Airports Authority with Heathrow , Glasgow , Aberdeen and Southampton airports and the associated handling of 140 airlines and around 87 million passengers.

history

On June 5, 2006, Ferrovial acquired Heathrow Airport Holdings / British Airports Authority, the operator of seven UK airports, for £ 10 billion . Ferrovial is currently over 25 billion euros in debt. After a decision by the British antitrust authorities on March 19, 2009, the BAA now has to sell three airports.

Ferrovial owns shares in Tube Lines , one of the two operators of the London Underground , through its subsidiary Amey .

In December 2009, Ferrovial merged with the subsidiary Cintra . This created a single company with a market capitalization of around € 5.8 billion and over 100,000 employees worldwide.

In December 2015, Ferrovial offered $ 490 million to purchase the Australian company Broadspectrum. This operates u. a. Internment camp . Ferrovial already parted ways with this stake in 2019.

On December 9, 2015, it was announced that the Autonomous Community of Madrid , represented by its President Christina Cifuentes ( PP ), wanted to buy a motorway (the MP-203) built by Cintra but never completed. The highway with a length of 12.5 kilometers, which was missing 300 meters to complete, has been orphaned since 2007. The Ferrovial subsidiary has invested 70 million euros to date.

Illegal party funding and corruption

On March 8, 2017, Spanish media reported that the former president of the Palau de la Mùsica (Palace of Catalan Music) Felix Millet testified in court that Ferrovial donated large sums of money to the Convergencia party under Artur Mas to illegally finance the party and in return made public donations Received construction contracts. This illegal procedure was confirmed by the CFO Gemma Montull , the daughter of the former administrative director. The bribe of 4% was split: 2.5% for the party and the rest was shared by former administrative director Jordi Montull and Felix Millet . When asked by the court why 4% had previously been paid 3%, Montull replied because the party had asked for more money. A total of 3.7 million from the budget of the Palau de Música were paid out in cash to the treasurers of the CDC .

criticism

The European Commission criticizes the high Spanish investments in the construction of new motorways and high-speed lines, despite their unprofitability.

In 2016, Ferrovial acquired a company that also ran an internment camp on the Pacific island of Nauru ( Nauru Detention Center ). According to government reports, there was violence and sexual abuse there. The operating contract with the Australian government expired in 2017.

Individual evidence

  1. ↑ Management Committee
  2. ↑ a b Ferrovial 2015 Integrated Annual Report
  3. ↑ "Los Del Pino reordenan su participación en Ferrovial". In: El País of August 4, 2015
  4. ↑ http://news.bbc.co.uk/2/hi/business/5050626.stm
  5. ↑ http://www.ftd.de/unternehmen/handel_dienstleister/:Kartellentwahl-BAA-muss-Airports-verschleudern/489389.html ( Memento from March 21, 2009 in the Internet Archive )
  6. ↑ http://www.ferrovial.com/en/index.asp?MP=18&MS=338&MN=2&id=1502
  7. ↑ Construction company offers for internment camps. In: n-tv.de from December 7, 2015
  8. ↑ Ferrovial lanza una opa de 490 millones por una empresa australiana. In: El País of December 7, 2015
  9. ↑ "Cifuentes quiere comprar una autopista abandonada hace ocho años". In: El País of December 9, 2015
  10. ↑ Millet confiesa: "Ferrovial pagaba a Convergència por obra pública". In: El País of March 8, 2017, accessed on March 8, 2017.
  11. ↑ "El ex número dos del Palau dice que las comisiones pasaron del 3 al 4% porque" CDC pedía más dinero "y otras cinco noticias." In: El Mundo of March 9, 2017, accessed on March 9.
  12. ↑ "Montull:“ Vam passar del 3 al 4% perquè Convergència volia més diners ”. In: El País of March 9, 2017, accessed on the same day.
  13. ↑ "Bruselas critica la política Inversora de España en el AVE y las autopistas." In: El País from December 8, 2015
  14. ↑ https://investigate.afsc.org/company/ferrovial
  15. ↑ http://www.taz.de/Berichte-ueber-australisches-Asyllager/!5329770/ taz August 2016