The domicile change enraged the leftist government, which said it hampered Spain's interests and suggested Ferrovial was trying to avoid paying taxes in Spain, which it denied.
The junior ruling coalition partner introduced a bill last week to force companies to pay back state aid if they decide to leave Spain. The government is reportedly also studying other ways to make Ferrovial drop its plan. CNMV Chairman Rodrigo Buenaventura said it was not up to him to comment on any Ferrovial domicile transfer, but rather to analyse the technical aspects of a listing beyond Spain.
"Both (the Spanish bourse) BME and the (supervisor) CNMV are
analysing whether there could be limitations," Buenaventura told
a financial event on Wednesday.
Ferrovial plans a dual listing in the Netherlands and Spain
as a first stage, with a subsequent application to list in the
United States.
It has said attaining the status of a listed Dutch company
would facilitate the future admission to trading of these same
shares in the United States. A Spanish-listed company can only
be traded there through American Depositary Receipts (ADR) or
other indirect means without access to U.S. stock indexes.
Buenaventura said that until today, the CNMV had not
received any expression of interest or any enquiry from issuers
about listing a Spanish company in the United States while still
having its securities registered in Spain.
"In other words, this is a new and unprecedented case," he
said.
(Reporting by Jesús Aguado and Emma Pinedo; additional
reporting by Corina Pons; editing by Andrei Khalip and Barbara
Lewis)
