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HomeLatest NewsCalviño rejects Ferrovial's escape amid fears of a "contagion effect"

Calviño rejects Ferrovial’s escape amid fears of a “contagion effect”

Date: March 30, 2023 Time: 11:15:09

The transfer of Ferrovial’s headquarters to the Netherlands has not gone down well with the Government. The First Vice President and Minister of Economic Affairs, Nadia Calviño, has made it known in a conversation to the executive president of the construction group Rafael del Pino to whom she has shown “clearly her rejection” of the decision adopted yesterday. All this, in the midst of a growing debate about a possible ‘contagion effect’. For her part, the Minister of Finance, María Jesús Montero, has underestimated the fiscal impact of the decision and recalled that more than 80% of Ferrovial’s profits are generated outside of Spain.

Sources from the Ministry of Economic Affairs, as published by EP, have assured that the Executive is already waiting to know the details to analyze and closely follow the possible implications of this “erroneous decision.”

In Economy they have considered “paradoxical” that this possible decision is announced at a time “of significant attraction of foreign investment and confidence” of investors and companies in Spain, and with an “unprecedented” process of public investment and modernization underway sectors in which the Ferrovial group is present.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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