Ferrovial communicates the completion of the sale of the Amey Group, the services business in the United Kingdom
Published on 12/30/2022
On corporate transactions
Pursuant to the Consolidated Text of the Spanish Securities Market Act (Texto Refundido de la Ley del Mercado de Valores) Ferrovial, S.A. (the “Company” or “Ferrovial“) communicates the following:
OTHER RELEVANT INFORMATION
Reference is made to the communication of Other Relevant Information made on 11 October 2022 (registration number 18,652) regarding the agreement reached for the sale of the Amey Group, the services business in the United Kingdom, to a company controlled by funds managed by One Equity Partners, who have entered into the transaction alongside their acquisition partner Buckthorn Partners.
After satisfaction of the conditions precedent to which the transaction was subject, the completion of the sale has taken place today.
The net consideration (equity value) that Ferrovial receives amounts to c.264.6 M GBP (301.3 M EUR), and remains subject to adjustment in accordance to a customary completion accounts mechanism. This consideration was paid partly in cash in a net amount of c.112.8 M GBP (128.5 M EUR); the remaining portion will be paid through a vendor loan note of c.151.8 M GBP (172.8 M EUR), issued at completion and repayable over the next 5 years with an interest rate of 6% per year (increasing to 8% after year 3).
The expected capital gain in respect of the sale for the financial year ended 31 December 2022 is 55 M EUR.
Madrid, 30 December 2022
Santiago Ortiz Vaamonde
Secretary of the Board of Directors of Ferrovial, S.A.
More information about this Other Significant Information
English translation for information purposes only. In the event of discrepancies between the English and the Spanish version, the Spanish version shall prevail.
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