Skip to main content

VINCI signs an agreement to acquire a motorway concessionaire in Brazil  

 

Nanterre, 1 December 2022

VINCI signs an agreement to acquire a motorway concessionaire in Brazil

  • Acquisition of 55% of Entrevias, which holds the concession for two tolled motorway sections in São Paulo State until 2047
  • A concession to operate and maintain 570 km of motorway including widening of a 210 km section
  • VINCI Concessions continues to develop its presence in Latin America and takes positions in Brazil’s most populated state.

VINCI Highways, a VINCI Concessions subsidiary, announces signature of an agreement to acquire from the Patria fund a 55% majority stake in the Entrevias motorway concession, which crosses São Paulo State from north to south.

The concession, with a remaining term of 25 years, includes two sections with a cumulative length of 570 km that recorded around 30 million transactions in 2021. The concession company is remunerated by collection of tolls (traffic risk concession). The contract covers:

  • Operation and maintenance of a 299 km section in the north of São Paulo;
  • Operation and maintenance of a 271 km section in the south of São Paulo, together with works, already started and scheduled for completion by end 2025, to widen the section from 2×1 to 2×2 lanes over 210 km.

Financial closure to acquire the Patria’s stake is expected in 2023 after waiving of conditions precedent.

The new project also strengthens VINCI Concessions’ positioning in Brazil, strongest economy and most populated country in Latin America, after the acquisition by VINCI Airports of Salvador de Bahia Airport in 2017 and of seven Amazonian airports in 2021.

This operation allows VINCI Highways, already operating in Colombia and Peru, to continue developing its presence in Latin America by taking positions in São Paulo, Brazil’s most populated state, which generates over a third of the country’s gross domestic product.

The VINCI Group is also present in Brazil through its energy business: Cobra IS is long active in the country, whereas VINCI Energies has been active in energy, industry and infrastructure services in Brazil since 2015.

About VINCI

VINCI is a global player in concessions, energy and construction businesses, employing more than 260,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.
www.vinci.com

 


 


 

This press release is an official information document of the VINCI Group.

PRESS CONTACT
VINCI Press Department
Tel: +33 (0)1 57 98 62 90
media.relations@vinci.com

 

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.