Montero affirms that the letter to Ferrovial was not to "pressure", but to deny that it cannot be listed in the US

MADRID, 13 Abr.

Montero affirms that the letter to Ferrovial was not to "pressure", but to deny that it cannot be listed in the US


The Minister of Finance and Public Function, María Jesús Montero, assured this Thursday that the letter that the Government sent to Ferrovial a few days ago was not intended to "put pressure" for the company not to move to the Netherlands, but rather to put manifest that the company's main argument for leaving Spain "does not correspond to current legislation".

Montero, in statements to Antena 3 collected by Europa Press, has defended that it is an "obligation" and a "responsibility" of the Government to make it clear that there is no problem for a company located in Spain to list both in this country and in the United States .

Saying otherwise, the minister pointed out, is a "dangerous" argument for the rest of the business fabric and for foreign investment in Spain.

"In the year 22 there has been a foreign investment in our country of more than 35,000 million euros. We are in record in relation to this matter and we cannot leave unanswered any reason that could scare away that investment. It is our responsibility and, therefore, , I think we have acted correctly", Montero stressed.

The minister has insisted that, in her letter, what the Government has done is convey "with total forcefulness" that, according to the Spanish Stock Exchanges and Markets (BME) and the National Securities Market Commission (CNMV) "there is absolutely no problem so that it can be listed in the United States, so that there is double listing".

"The reason that he uses to say that he has to leave does not correspond to the law or, in other words, he is told: listen, from here, you can be listed on the United States Stock Exchange. If that is the reason for "If you want to move, you don't have to leave. I think that this is a responsible action by an executive who, of course, does not like a company to leave the country," he stated.

Asked if the President of the Government, Pedro Sánchez, has already spoken with the President of Ferrovial, Rafael del Pino, Montero has indicated that he does not know and has stressed that, in any case, the Executive has maintained a "fluid" relationship with the company.

"I know that the first vice president and I myself have spoken with Mr. Del Pino. The most important thing is not whether or not he has dialogue with the president, but with the Government, and there has been no communication gap with the company," Montero has defended.

The minister has assured that this dialogue has been "permanent" and has occurred both at the request of the Government and at the request of Ferrovial itself.