Spanish multinational Ferrovial has registered a new version of required paperwork with the US Securities and Exchange Commission (SEC), including its 2023 results, so it could soon receive the green light to begin trading in New York.
Ferrovial, which moved its headquarters to the Netherlands a year ago to facilitate its jump into the Nasdaq index, has presented an updated review of the annual report required of foreign companies to list in the country, as announced this Tuesday in the Regulatory authority documents published.
Sources from the Spanish construction group have confirmed to EFE that it has adapted the document to the regulator’s requirements, as requested by the SEC, and updated the data with the 2023 results.
Ferrovial has already handed over all documents to the SEC
SEC filings show that the company filed several draft Form 20-Fs late last year and a final version in January that has now been updated to include additional information.
The need to provide new data has delayed initial prospects of starting trading in the first quarter of 2024 in the US, where Ferrovial is concentrating much of its investment and adding numerous projects, such as toll roads and the new Terminal 1 at JFK Airport in New York.
He also highlighted the “significant milestone” in the group’s history that occurred in June when it began trading in Spain and the Netherlands simultaneously.
The North American market represents for Ferrovial 600 of the 991 million euros of the group’s gross operating profit (Ebitda) in 2023, ahead of Poland (207 million), Spain (141) and the United Kingdom (8).