“Non-observance of the present obligation may be sanctioned by a loss of voting rights for the shares or rights attached thereto exceeding the unreported fraction, this at any Shareholders’ General Meeting held until the expiration of a period of two years following the date of service of the notification provided for above.
“The sanction is applied if it is requested in an application entered in the meeting minutes by one or several shareholders holding at least 5% of the Company’s capital.”
Shareholder identification (excerpt from Article 10a of the Articles of Association)
“The Company is entitled to request the entity handling the clearing of securities, and under the conditions provided for in the regulations in force, to provide the name, nationality and address of the natural or legal persons holding securities that grant, immediately or eventually, a voting right at its own Shareholders’ General Meetings, as well as the quantity of securities held by each of them and, if the case arises, the restrictions that may affect the said securities.”
2. Relations between the parent company and its subsidiaries
2.1 Organisation chart(*)
This organizational chart illustrates the relationships between the company and its subsidiaries.
VINCI, as the parent company, has three subsidiaries:
- Concessions
- Energy
- Construction
Concessions.
The Concessions segment consists of:
- VINCI Autoroutes
- VINCI Airports
- Other Concessions
VINCI Autoroutes includes:
- ASF
- Escota
- Cofiroute
- Arcour
- Arcos
VINCI Airports includes:
- ANA (Portugal)
- London Gatwick (United Kingdom)
- Edinburgh Airport (United Kingdom)
- Budapest Airport (Hungary)
- Belgrade Airport (Serbia)
- Lyon Airports (France)
- OMA (Mexico)
- Aerodom (Dominican Republic)
- Kansai Airports (Japan)
- Santiago Airport (Chile)
- Other Airports (Brazil, Cambodia, Cape Verde, Chile, Costa Rica, United States, France, United Kingdom)
Other Concessions include:
- VINCI Highways
- VINCI Railways
- VINCI Stadium
Energy
The Energy segment consists of VINCI Energies and COBRA IS.
VINCI Energies includes:
- VINCI Energies France Infras & ICT
- VINCI Energies France Building Solutions & Industry
- VINCI Energies Europe East
- VINCI Energies Europe North West
- VINCI Energies International & Systems
COBRA IS includes:
- Grupo Cobra
- Imesapi
- Sice
- Cymi Brasil
- Semi
- Dragados Offshore
- Other subsidiaries
Construction
The Construction segment consists of VINCI Construction and VINCI Immobilier.
VINCI Construction includes:
- Specialized Networks
- Major Projects
- Europe & Africa
- United Kingdom
- Americas & Oceania
- Roads France
- Networks France
- Building France
- Civil Engineering France
(*) Simplified organisation chart of the Group at 31 December 2024. The various subsidiaries that comprise the Group and VINCI’s equity interest (whether direct or indirect) in these entities are presented in the list of consolidated companies found on the Group’s website (www.vinci.com/en/finance/investors/regulatory-information/composition-of-the-group).
2.2 Role of the VINCI holding company towards its subsidiaries
The Group’s operational activities are managed by its subsidiaries (there were 2,905 consolidated entities at 31 December 2024), which are organised into three core businesses: Concessions, Energy and Construction. The principal business lines are, for the Concessions business, VINCI Autoroutes and VINCI Airports; for the Energy business, VINCI Energies and Cobra IS; and for the Construction business, VINCI Construction. VINCI Immobilier, which is in charge of the Group’s property development activities, reports directly to the VINCI holding company.
The VINCI holding company provides leadership, support and supervisory functions for the Group’s subsidiaries. In this role, it supplies services in the following areas:
- development and implementation of strategy, execution of acquisitions and disposals, and the study and implementation of industrial and commercial synergies within the Group;
- high-level relations with government authorities, political leaders, elected officials, professional organisations, the media, the academic world, financial markets, financial institutions and large companies, both in France and internationally;
- provision of expertise in administrative, legal, ethics, financial, tax, IT, insurance, purchasing, human resources, communication and sustainable development matters.
VINCI shares with its subsidiaries the benefits associated with the Group’s size and reputation, such as access to internationally recognised partners; optimisation of terms for financing, purchases and insurance; easier access to regulatory authorities; and public and institutional relations in France and abroad.