Report
Ferrovial : Sale of 5% stake in IRB Infrastructure Developers through an ABB
>Partial sale of Indian investment for € 214m - Ferrovial announced yesterday the sale of a 5% stake (301.9m shares) in the Indian company IRB Infrastructure Developers (IRB) for € 214m through an ABB. The shares were sold at an average price of 63.6 Indian rupees, which implies a 3.8% discount versus yesterday’s closing price, and 2.8x versus the initial investment made by Ferrovial (25% stake bought for € 369m in 2021). As a result, Ferrovial will keep a 19.9% stake...
Underlying
FERROVIAL SA
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Ana Arjona-Martinez
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