In April 2023, VINCI Concessions subsidiary VINCI Highways acquired an additional stake in Vía 40 Express (now known as Vía Sumapaz), which holds the concession for the Bogotá–Girardot highway (141 km) until 2046, from its Colombian partner Constructora Conconcreto. VINCI Highways thus took majority control of this company, having increased its stake from 50% to 75%. The company was previously accounted for under the equity method but is now fully consolidated in the Group’s financial statements.
In May 2023, VINCI Highways completed the acquisition of a 55% stake in Entrevias, which holds the concession for two toll highway sections in Brazil until 2047, from Brazilian investment firm Pátria Investimentos. These two sections cover a total distance of 570 km in São Paulo state. VINCI Highways has joint control over Entrevias, which is therefore accounted for under the equity method in the Group’s financial statements.
VINCI Energies completed acquisitions of 34 new companies in 2023 representing combined full-year revenue of €430 million. They included:
The most significant transactions are mentioned in Note B.1 to the consolidated financial statements, “Changes in consolidation scope during the period”, page 316).
The amendment to the concession contract for Autoroutes du Sud de la France (ASF) relating to the financing of the western Montpellier bypass project was approved by decree and published in France’s official journal on 29 December 2023. This 6.5 km section of road will connect the A750 and A709 motorways and will allow traffic to flow more freely in the Montpellier region. The cost of the roadworks will be around €270 million and will be financed by price increases applied at toll gates close to the new section of road.
In December 2023, Terminal 1 of Kansai International airport was opened following a refurbishment that increased its capacity from 23 million to 40 million passengers ahead of Expo 2025 in Osaka.
VINCI Concessions won a contract to install 106 ultra-fast electric vehicle charging stations in the regions of Berlin, Hamburg and Leipzig in Germany. Its dedicated German subsidiary eliso GmbH will be in charge of acquiring sites, installing the stations and operating them over a 12-year period. It will rely on VINCI Energies’ expertise in electrical works in Germany, including the installation of charge points.
Order intake in the Energy and Construction businesses totalled €61.9 billion in 2023, an 11% year-on-year increase. Order intake in the Energy business was particularly strong, and hit a new record of €20.9 billion at VINCI Energies (up 17% relative to 2022). The exceptional level of order intake at Cobra IS (€10.3 billion, up 29% compared with 2022) was driven by some major contracts relating to green power generation, transformation and transmission. Order intake also rose at VINCI Construction (up 3% year on year to €30.6 billion) as a result of solid flow business.
Among the contracts won by the Group in the second half of 2023, the most significant were those listed below.
Two new design-build contracts involving almost 1,600 km of power transmission lines and related substations in the states of Minas Gerais, Bahia and Rio de Janeiro in Brazil.
