Press release published in accordance with Article 7 of the Royal Decree of 8 November 1989 - By taking control of the Carrières Unies de Porphyre (CUP) quarries in Belgium, Eurovia (VINCI Group) reinforces its road materials production capacity - Announcing the launching of a tender offer at 2,340 per share
22 September 2006 - Acquisitions - Belgium
Eurovia, a VINCI Group subsidiary, has been selected to become the strategic partner of the Carrières Unies de Porphyre (CUP) quarries in Belgium. On Friday, 22 September 2006, Eurovia acquired 15,125 shares representing 52% of the Carrières Unies de Porphyre share capital at a price of €2,340 per share, amounting to a total investment of €35.4 million. Eurovia will shortly be launching a tender offer for the remaining Carrières Unies de Porphyre shares that it does not yet hold directly or indirectly. A complete set of the documents will be deposited with the Banking, Finance and Insurance Commission.
The business activity of the Carrières Unies de Porphyre company comprises the extraction, processing and marketing of porphyry, a rock used in road construction and as railway ballast. The CUP company operates two quarries in Bierghes-Rebecq and in Lessines and has a workforce of 140 employees. Its annual output, most of which is sold on the Benelux and French markets, is 1.9 million tonnes and it has reserves estimated at 140 million tonnes.
This acquisition is part of Eurovia’s growth strategy aimed at continuing its expansion on the European materials market. Eurovia’s roadworks activities in France, Belgium and Germany offer both an outlet and major development potential for the output of these quarries and will help enhance their production.
With this acquisition and following the recent acquisition of Sutter in Germany (1.5 million tonnes annually) and Jakubcovice in the Czech Republic (1.6 million tonnes annually), Eurovia, a leader in road aggregate production in France, increases its materials production to approximately 54 million tonnes per year and its materials reserves to 1.8 billion tonnes, i.e. more than 30 years of production.
Eurovia, a subsidiary of the VINCI Group, is a world leader in roadworks. It operates in three complementary business lines: industrial production of road materials, quality of life and environment and related services. Eurovia operates in 16 countries (including Belgium, with Eurovia Belgium) through its 330 agencies and 850 production sites. It has 38,000 employees.
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.