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Share Name | Share Symbol | Market | Type |
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Vinci | EU:DG | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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1.20 | 1.05% | 115.10 | 114.30 | 115.40 | 115.60 | 114.20 | 114.20 | 626,260 | 02:01:15 |
Nanterre, 19 April 2024
VINCI finalizes the acquisition of the Northwest Parkway section of the Denver ring road (Colorado, USA)
VINCI Concessions, via its subsidiary VINCI Highways, has finalized the acquisition of 100% of NWP HoldCo LLC, the concession company for Northwest Parkway, a 14 km tolled section of the Denver ring road (Colorado), for around $1.2bn (equity value at 100%).
First major acquisition for VINCI Concessions in the USA, this transaction fits within VINCI Group’s strategy to strengthen its presence in North America.Northwest Parkway is a strongly performing asset with substantial growth potential ahead:
VINCI Highways will apply its expertise to optimize management of the infrastructure by bringing some services back in-house, to improve user experience and travel time reliability thanks to levers such as variable tolling.VINCI Highways will also be rolling out its environmental initiatives aimed at achieving net zero emissions, zero waste to landfill and zero pesticides.
In 2023, Northwest Parkway recorded 7.2 million transactions, up 6% compared to 2022. Its revenue has risen 8% a year on average since 2014, with EBITDA doubling over the same period.
A conference call on the acquisition of Northwest Parkway and recent strategic moves by VINCI Airports (acquisition of a majority stake in Edinburgh airport, extension of the Aerodom concession in the Dominican Republic) will be organised on Monday 29 April 2024 at 6.00pm Paris time.
To participate, please connect in advance to the following link to obtain an individual access code to this event: https://register.vevent.com/register/BI929b8adfcff24ac3ac494fd41fc6c584
About VINCIVINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 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 CONTACTVINCI Press DepartmentTel: +33 (0)1 57 98 62 88media.relations@vinci.com
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