The VZMD President, Mr. Kristjan Verbič, arrived in Madrid yesterday where he, as the official representative of the European Federation of Investors and Financial Services Users (BETTER FINANCE) attended several meetings with both the media and the lawyers regarding today's shareholders' meeting of the multinational company FERROVIAL. This is a major meeting where the shareholders will decide on the company's merger and relocating its headquarters from Spain to the Netherlands. The Spanish government strongly opposes the relocation and is attempting to prevent it; meanwhile, the company itself and the Spanish Association of Minority Shareholders (AEMEC) highlight the numerous advantages and opportunities for the company, its further growth, as well as operation and the option to be listed in the US and Canada. FERROVIAL has an important presence in the global infrastructure sector, specifically in the key areas of highways, airports, construction and mobility, and energy infrastructure. They are in charge of construction and management of the highways and railroads across Europe, North- and South America, as well as Australia, and are managing numerous major airports, e.g. Heathrow, JFK (terminal 1), Glasgow etc.
Yesterday, Mr. Verbič met with the Secretary General of the World Federation of Investors (WFI), Jean-Pierre Paelinck, and the highest representatives of AEMEC. The latter (the position) - as well as in the parent European federation of BETTER FINANCE (the position) and WFI (the position) - drew attention to the unacceptable interference of both the government and the politicians with the business decisions of a private company, and the infringement of fundamental freedoms guaranteed within the EU. Considering the thorough discussion and aligned positions, Mr. Verbič will, as a member of the Executive Board of BETTER FINANCE, at today's meeting highlight the goal of the EU which is to strengthen the bond between the member states and their citizens, in order to further the economic and social progress. The common internal market is an area without borders where free movement of capital and services, as well as free establishment of companies should be guaranteed, whereas the decisions about eventual relocation should be made solely by the shareholders or owners.
VZMD and the fellow association AEMEC have been successfully cooperating for years, and Mr. Verbič had actively attended several significant events in Madrid before – including annual congresses and other partner events like The World Law Congress, the discussions regarding the expropriation of the shareholders of Bankia, the conferences of the International Financial Litigation Network etc.
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