VINCI sells its controlling stake in the Confederation Bridge concession in Canada
25 July 2006 - Divestments - Canada
VINCI Concessions Canada Inc. recently sold the controlling stake which it held in the company operating the concession for the Confederation Bridge linking the Canadian provinces of New Brunswick and Prince Edward Island to BPC Maritime Corporation, which already held 34% of SCDI (Strait Crossing Development Inc.).
This transaction, which reduces VINCI Concession's stake in SCDI from 49.9% to 18.8%, fits with the company's policy of dynamic management of stakes in infrastructure concessions.
VINCI is a global player in concessions and contracting, employing close to 211,000 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. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.