Regulatory Filings • Dec 20, 2016
Regulatory Filings
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Rueil Malmaison, 20 December 2016
VINCI Highways, VINCI Concessions' subsidiary, has finalised the acquisition of 100% of LAMSAC company, concessionaire-holder of Línea Amarilla, a 25 km toll road around the center of Lima, and PEX, LAMSAC's electronic toll collection operator. The deal is based on an enterprise value of LAMSAC and PEX at PEN 5.5billion (around EUR 1.5 billion) as of 31 December 2015.
LAMSAC holds a concession contract with the Municipality of Lima to build, operate and maintain the Línea Amarilla until November 2049.
In 2016, traffic on LAMSAC averaged 139,300 vehicles/day. It will further increase following the completion of a new section between the existing toll road and Callao harbour. With an average annual growth rate of more than 6% over the past 10 years, Peru offers a strong growth potential.
This acquisition is a major milestone in VINCI Group's strategy of development in Latin America.
Active in 13 countries, VINCI Highways, subsidiary of VINCI Concessions, finances, builds and operates roads and highways infrastructures worldwide. In association with local partners, it manages a network of 26 concessions with more than 1,800 km of highways and crossings and nearly 1,300 km of urban roads. In 2015, VINCI Highways recorded a combined revenue of 611 million euros. www.vinci-concessions.com
VINCI is a global player in concessions and construction, employing more than 185, 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.
This press release is an official information document of the VINCI Group.
PRESS CONTACT VINCI Press department Tel.: +33 1 47 16 31 82 [email protected]
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