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VINCI denies rumours on the acquisition of Nexity

30 May 2006 - Finances

Over the past few days, the press has carried reports on negotiations between VINCI and Nexity, hinting at a possible takeover of Nexity by VINCI.

VINCI formally denies such a scenario.

Moreover, there are no grounds whatsoever to think that such a scenario could have been devised to protect VINCI from alleged investment fund speculation.

VINCI has no plans to take over Nexity, either for cash or for an exchange of shares.

If, after review, there should be any form of cooperation, it would be limited solely to VINCI’s property business, where Nexity is already involved in some large-scale operations (Renault’s land in Boulogne, Société Générale’s Tour Granite, etc.).

 

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VINCI is a global player in concessions, energy and construction businesses, employing more than 260,000 people in nearly 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, we are committed to operating in an environmentally, socially responsible and ethical 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. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.

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