Ferrovial completes sale of its Environmental Services business in Spain and Portugal to PreZero
3 December 2021The transaction was completed within the established deadlines
Divestment of the Services businesses in the United Kingdom and Chile is ongoing
The deal is in response to the company’s new strategy, focused on developing, building and managing sustainable infrastructure
Ferrovial has completed the sale of its Environmental Services business in Spain and Portugal to PreZero, a Schwarz Group company. The price of the shares sold amounted to €1,032 million. The deal, which provides a capital gain of €330 million, comprises the environmental services and waste collection, treatment and recycling businesses. It is part of the process of divesting Ferrovial Services. The transaction was completed after approval from the competition authorities.
PreZero, a Schwarz Group company, is an international provider of environmental services with approximately 30,000 employees across about 430 locations in Europe and North America.
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