Spain’s Ferrovial will move its international holding to Amsterdam from Oxford, UK to keep the business under European Union legislation after the UK leaves the bloc, a spokesman said yesterday.
The move would not result in any layoffs at its British operations as it was mostly a change in legal status for the holding company, the spokesman said.
"The reason for the move is to maintain the group’s international companies under the umbrella of (EU) communities’ legislation," the spokesman said, reports Reuters and other news media.
The decision echoes a similar move by consultant WYG earlier this month.
The holding oversees Ferrovial’s activities outside Spain, including the company which manages its airport interests, including stakes in Heathrow, Glasgow, Aberdeen and Southampton airports.
Other companies under the holding include Cintra, Poland’s Budimex andAustralian services group Broadspectrum.
Meanwhile, car-maker BMW said it would close its Mini and Rolls Royce plants in Britain if Brexit disrupts its supply chain, while Siemens last week expressed concern over its operations in Britain.
Image: Crossrail is one of Ferrovial’s UK projects (Ferrovial)