MADRID, June 15 (Reuters) - Ferrovial's (FER.MC) decision to move its holding company to the Netherlands to try to speed up a U.S. listing could have an adverse impact on its brand in Spain, the company said in a document published on Thursday.
The operation "could potentially have a negative impact on its brand in Spain, which, in turn, could have a material adverse effect on the group's competitive position," it said.
The reverse merger, under which its Dutch subsidiary Ferrovial International SE (FISE) has absorbed holding company Ferrovial, was fully completed on Thursday.
In the website prospectus, Ferrovial said Spanish tax authorities could decide the merger falls outside a special tax regime for holding companies that allows dividends and capital gains from the transfer of shares from subsidiaries to be exempt from taxation.
Ferrovial on Thursday had no comment beyond the published document.
Persons:
Ferrovial, Rafael del Pino, Nadia Calvino, Corina Pons, Emma Pinedo, Charlie Devereux, Sharon Singleton, Barbara Lewis
Organizations:
Ferrovial, Thomson
Locations:
MADRID, Netherlands, U.S, Spain, Amsterdam, Madrid, Ferrovial, Spanish