Ferrovial ( (ES:FER) ) has shared an update.
Ferrovial has announced a share buyback program aimed at reducing its share capital by purchasing up to 15 million shares, representing approximately 2.06% of its share capital, with a maximum net investment of 500 million euros. The program is set to run until May 29, 2026, and will adhere to regulatory standards in both European and U.S. markets, with the potential for extension or early termination based on certain conditions. This move is likely to impact the company’s market positioning and shareholder value, demonstrating its strategic financial management.
More about Ferrovial
Ferrovial is a leading global infrastructure operator, active in over 15 countries with a workforce of more than 25,000 employees. The company is listed on Euronext Amsterdam, Nasdaq, and the Spanish stock market, and is part of the IBEX 35. It is recognized for its commitment to sustainability, being included in indices like the Dow Jones Best in Class Index, and adheres to the United Nations Global Compact principles.
YTD Price Performance: -2.65%
Average Trading Volume: 418,469
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €28.03B
See more insights into FER stock on TipRanks’ Stock Analysis page.