📝 Executive Summary
Ferrovial is ending its Amsterdam listing and shifting trading to the United States. The delisting removes a European exchange venue for the Spanish infrastructure group and concentrates liquidity on US markets. The move follows a broader trend of European companies seeking deeper US capital markets and investor access. Analysts will monitor whether the shift lifts Ferrovial's valuation multiple as US investors gain direct access. The end of the Amsterdam listing also reduces Euronext Amsterdam's trading volumes.