Chris Hohn sube al 13% en Ferrovial en pleno avance en EEUU

Christopher Hohn's stake in Ferrovial rose to 13% during the company's advancing progress in the United States and Europe. The British investment fund The Children's Investment Fund (TCI), managed by Hohn, increased its ownership from 10% to more than 13%, positioning itself as the second largest shareholder after Rafael del Pino.

Ferrovial ceased trading on the Amsterdam Stock Exchange last month. The largest shareholder is Rafael del Pino, who holds 22%, followed by his sister María del Pino with 8.9%. TCI acquired shares worth 3% through direct purchases and financial instruments, occurring amid Ferrovial's success in the US and Europe after winning three major concession contracts totaling over 60 billion euros.

The promoter risk taken by Ferrovial in highway concessions resulted in a decline in the stock price over the past weeks. In the first half of the year, Ferrovial faced criticism for failing to explain the financing structure of the new highways in Tennessee (I-24) and Georgia (I-285 East). In Tennessee, Ferrovial's consortium submitted a 34 billion dollar proposal, significantly higher than the losing bids from ACS/Acciona and Sacyr.

In Georgia, Ferrovial also made the most aggressive offer, proposing 33 billion dollars for construction costs and concession payments. In addition to debt and bonds guaranteed for the project, Ferrovial will rely on its cash generation capacity and dividends from North American assets to finance the new toll roads. As of June, the company had earned 378 million euros in dividends from its highways.

TCI holds a direct ownership of 3.07% in ordinary shares, equivalent to 22,405,441 Ferrovial shares. Additionally, it controls an additional 9.97% through financial instruments, amounting to 72,750,573 voting rights, for a total of 95,156,014 shares valued at 4.160 million euros. Hohn is also a notable shareholder in Aena, holding a 6% stake.