Colas sells its stake in Cofiroute to VINCI Autoroutes
31 January 2014 - 6:45 pm - Acquisitions - France
Today, Colas sold its 16.67% stake in the share capital of Cofiroute to VINCI Autoroutes pursuant to an agreement announced on 20 December 2013.
Cofiroute is a highway concession company which operates a total of 1,100 km of highways in western France as well as the Duplex A86 tunnel near Paris. The company is now wholly-owned by VINCI Autoroutes.
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.