Ferrovial
From Wikipedia, the free encyclopedia
| Grupo Ferrovial, S.A. | |
|---|---|
| Type | Public |
| Founded | 1952 |
| Headquarters | Madrid, Spain |
| Key people | Rafael del Pino, Joaquín Ayuso, Nicolás Villén |
| Industry | Construction, transportation & services |
| Revenue | €8,989 million EUR (2005) |
| Operating income | €871.3 million EUR |
| Net income | €415.8 million EUR |
| Employees | 57,247 (2005) |
| Website | http://www.ferrovial.com |
Grupo Ferrovial, S.A. (IBEX 35 symbol: FER, Ferrovial Group) is a multinational Spanish company involved in construction, infrastructure, real estate, and related services. It is publicly-traded and is part of the IBEX 35 market value-weighted stock market index.
Ferrovial owns 62.5% of Cintra, a leading international toll road and car park operator.
Sixty percent of the company is still owned by the Del Pino family, the founding family.
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The Company was founded by Rafael del Pino in 1952 as a railroad construction company called Ferrovial (Spanish for "railroad").
In June 1995 Ferrovial acquired 98.27% of Agromán[1], another leading Spanish contractor.
In April 2000 Ferrovial bought 58.5% of the top Polish construction company Budimex Dromex S.A., which led to Budimex strengthening its position in the Polish market[2]. Budimex Dromex is now the biggest contractor (roads, buildings and pipe systems) in Poland. Ferrovial has now implemented a programme allowing Polish workers to work in Spain for at least a year to learn European standards.
In April 2003 Ferrovial acquired Amey, a British contractor and major investor in Tube Lines, one of the two public-private partnership companies responsible for the maintenance of London Underground's lines and rolling stock[3].
In May 2003 Ferrovial acquired Belfast City Airport[4].
In June 2006 a Ferrovial-led consortium purchased the British company BAA Limited, for £10 billion [5]. BAA owns and operates seven British airports, including London Heathrow Airport, and operates or carries out retail management in several others.
Major construction projects undertaken by Ferrovial include the Bilbao Guggenheim Museum completed in 1997[6] and Terminal 4 at Madrid Barajas International Airport completed in 2006[7].
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