VINCI Construction strengthens its positions in the Czech Republic
16 January 2007 - Acquisitions - Czech Republic
VINCI Construction has recently acquired a 75% stake in the construction company Prumstav, based in Prague (Czech Republic). The remainder of the capital is held by the company's managers.
Prumstav, which was set up in the Czech Republic over 50 years ago, generates sales of 70 million euros and employs 500 people. It is active in construction and renovation of buildings.
This acquisition strengthens VINCI Construction's positions in the Czech Republic, where it already generates sales of over 145 million euros through its subsidiaries FCC, SMP and VINCI Construction Grands Projets.
With this acquisition, VINCI increases its sales in the Czech Republic to over 900 million euros, out of total sales of 1.7 billion euros in Central and Eastern Europe.
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.