Ferrovial moving overseas holding out of Britain to keep it in EU


International infrastructure firm Ferrovial, which runs Heathrow Airport and owns engineering company Amey, has announced that it is to move its overseas holding companies out of the UK as a direct result of Brexit.

A spokesman for the company told Transport Network that the move relates to the registered office of the holding companies of its international businesses rather than its international headquarters, as has been reported elsewhere.

He said: 'Ferrovial has decided the relocation of the corporate registered office of holding companies of international businesses, currently in the UK, to a jurisdiction (Amsterdam) which is under the umbrella of European Union law. There is no impact on employment and our local operations in the UK will remain unchanged.'

This week all roads lead to Heathrow

The move follows warnings from aircraft maker Airbus that it could cease manufacturing in Britain over concerns about the slow pace of negotiations to achieve a deal once the UK leaves the EU next year.

Carmaker BMW has also raised concerns about the impact of Brexit.

Ferrovial’s international holding companies manage its activities outside Spain, where the parent company is based. These include airports across the world, including stakes in Heathrow, Glasgow, Aberdeen and Southampton airports in the UK.

Ferrovial also owns international engineering firm Amey, which builds and maintains roads in the UK. It recently had to pay over £50m compensation to Birmingham City Council after losing a long running dispute over its PFI highways maintenance deal.

Earlier this week, Heathrow airport secured parliamentary backing for its plan to build a third runway at Heathrow.


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