Subsidiaries

• Transfesa Logistics S.A., Madrid / Spain, sold 100 % of the shares in Sociedad de Estudios y Explotación de Material Auxiliar de Transportes, S.A. (“SEMAT”), Madrid / Spain, to Groupe CAT, Suresnes / France, effective August 1, 2025.
• Transfesa Logistics S.A., Madrid / Spain, sold 100 % of the shares in Transervi S.A., Madrid / Spain, to Boluda Shipping, S.L., Madrid / Spain, effective December 23, 2025.