Heathrow-owner to move holding company

Heathrow-owner to move holding company

Postby Guest » Tue Jun 26, 2018 10:12 pm

Spanish firm Ferrovial has revealed it plans to move its international base to Amsterdam because of Brexit.

Ferrovial, which currently has its international base in Oxford, said the decision would address the negative effects of Brexit and allow its businesses to be taxed in Spain.

The Spanish construction company, which wants to remain under European commercial law, controls all of its international operations outside of Spain though its holding company.

In a statement, it said: "Ferrovial has considered the relocation of the corporate registered office of holding companies of international businesses, currently in the UK, to a jurisdiction which is under the umbrella of European Union law.

https://news.sky.com/story/heathrow-own ... t-11417186


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