Ferrovial ceases discussions with Transfield Services, after increasing its proposal price to A$2.00
Published on 12/22/2014
Transmissions and purchases of capital undertakings
Pursuant to Article 82 of the Spanish Securities Market Act (Ley del Mercado de Valores), FERROVIAL, S.A. (the Company, or FERROVIAL), communicates the following:
REGULATORY DISCLOSURE
Following the significant events dated 20 October 2014 (registration numbers 212.109 and 212.112), we hereby communicate the press release disclosed by Ferrovial Servicios, S.A., a wholly owned subsidiary of Ferrovial, S.A.
Madrid, 22 December 2014
Santiago Ortiz Vaamonde
Secretary of the Board of Directors of FERROVIAL S.A.
Ferrovial ceases discussions with Transfield Services, after increasing its proposal price to A$2.00
Madrid, 22 December 2014.- Ferrovial Services has ceased discussions with Transfield Services regarding an acquisition of 100% of the company. Ferrovial Services has undertaken the limited due diligence available and concluded that there were a number of issues that impacted value.
In order to seek a Board recommendation, Ferrovial Services took a very long term view on value and proposed a revised price of A$2.00 per share, which has been rejected by the Board and therefore discussions have ceased. Ferrovial Services is a disciplined investor and will continue to investigate options to grow its business internationally.
About Ferrovial Ferrovial is one of the world’s leading infrastructure operators and municipal services companies, committed to developing sustainable solutions. The company has 65,000 employees and a presence in over 25 countries. Its main business areas are: Services, Toll Roads, Construction and Airports. It is a member of Spain’s blue-chip IBEX 35 index and is also included in prestigious sustainability indices such as the Dow Jones Sustainability Index and FTSE4Good.
For more information: https://www.ferrovial.com/en/
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English translation for information purposes only. In the event of discrepancies between English and Spanish version, the Spanish version shall prevail.
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