Spanish company takes over Broadspectrum


Spanish conglomerate Ferrovial, which recently succeeded in a takeover bid for Broadspectrum, formerly known as Transfield, the company that runs the Manus Island and Nauru detention centres, has implied that it will not seek a further contract to run the centres.

In a statement Ferrovial noted that providing services at regional processing centres was not a "core part of the acquisition rationale and valuation and it is not a strategic activity in Ferrovial's portfolio. Ferrovial's view is that this will not form part of its services offering in the future."

Ferrovial is expected to continue with the current contract rather than try to withdraw immediately. "We always fulfil our contract requirements," a Ferrovial spokesperson said. But it is not expected to continue with the tendering process for the new five-year contract.

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