Finance
Ferrovial raises stake in Canadian motorway in $1.45 billion deal
Published by Global Banking and Finance Review
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Ferrovial acquires a 5.06% stake in Canada's 407 ETR motorway for $1.45 billion, increasing its ownership to 48.29%. The deal is set to complete by Q2 2025.
(Reuters) - Spanish construction giant Ferrovial agreed on Thursday to buy a 5.06% stake in motorway 407 ETR in Canada for C$2.09 billion ($1.45 billion) from Canadian rival AtkinsRealis.
Ferrovial is set to increase its stake in the motorwa to 48.29% after the deal, the company said in a filing to the Spanish stock market regulator.
The motorway is located in the Greater Toronto Area, in Ontario and the transaction is expected to be completed during the second quarter of 2025, Ferrovial said.
The Spanish engineering company has been focusing in the toll road business on the U.S. market it considers more lucrative than other infrastructure projects in Europe.
($1 = 1.4373 Canadian dollars)
(Reporting by Javi West Larrañaga in Gdansk, editing by Inti Landauro and Tomasz Janowski)
The main topic is Ferrovial's acquisition of an additional stake in the Canadian 407 ETR motorway, increasing its ownership to 48.29%.
This deal is significant as it strengthens Ferrovial's position in the North American toll road market, which is considered more lucrative than European projects.
The transaction is expected to be completed during the second quarter of 2025.
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