Spanish building group Ferrovial to move foreign operations to Amsterdam

Zuidas business district. Photo:

Ferrovial, the Spanish construction group is moving the headquarters for its foreign operations to Amsterdam from Oxford, the Financieele Dagblad said on Wednesday.

Ferrovial said Brexit necessitated the move because it wanted the holding company for its non-Spanish activities to be located in an EU country.

The scrapping of dividend tax in the Netherlands was given as an added attraction, Spanish sources said. The current Dutch government has agreed to abolish dividend tax for foreign-based shareholders.

Ferrovial is the largest investor in Heathrow airport which on Monday finally received the go-ahead from the British government to build a third runway after years of debate.

The Spanish building group specializes in the construction of airports, roads and tunnels. It books annual turnover of about €12bn and employs 96.000 people worldwide.

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