PARIS: Global infrastructure titan VINCI has sealed a deal to invest approximately €50 million into NatPower SA, the dynamic renewable energy platform known for its vigorous activity in Italy, Great Britain, and the United States since its inception in 2019. The investment package includes the purchase of a 10% equity share from NatPower’s founding visionary,…
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HICL sells US toll-road project for US$232m and launches share buyback
HICL Infrastructure Company Limited (HICL) has announced the sale of its stake in the US Northwest Parkway toll-road project to VINCI Highways SAS for a net consideration of about US$232m, which is 30% higher than its latest valuation. The sale is part of HICL’s strategy to recycle capital from mature assets and invest in new…
VINCI Highways acquires Denver’s Northwest Parkway concession
PARIS, FRANCE: VINCI Highways, a subsidiary of VINCI Concessions, has signed an agreement to acquire NWP HoldCo LLC, the company that holds the concession contract of Denver’s Northwest Parkway, a 14-km section of the city’s ring road in Colorado. The deal involves the purchase of 100% of the concession company, which is currently owned by…
VINCI acquires 55% Stake in Entrevias, securing concession for Brazil’s toll motorway sections
PARIS, FRANCE: French construction and concessions company VINCI has acquired a 55% stake in Entrevias, a Brazilian toll motorway concession, from Patria, a Brazilian fund. VINCI Highways, a subsidiary of VINCI Concessions, will hold the concession for two toll motorway sections in Brazil until 2047. The motorway sections span 570 km across the state of…
VINCI gets €491 million contract from United Kingdom Ministry of Defence
PARIS, FRANCE: VINCI Facilities UK Ltd (a VINCI Construction subsidiary based in the United Kingdom) has been awarded a €491 million contract covering hard facilities management, grounds maintenance and capital works for the Ministry of Defence’s built estate across the south-east of the United Kingdom, a news release said. This seven-year contract is worth €491…