LAMSAC’s acquisition: VINCI becomes motorway concessionaire in Peru
20 December 2016 - 6:30 pm - Acquisitions - Peru
- Acquisition of LAMSAC, concessionaire of the Linea Amarilla highway in Lima, Peru, and PEX, which operates the associated electronic toll collection system
- Concession for construction, operation and maintenance of a 25km-toll road around the center of Lima, Peru
- Concession running until November 2049
VINCI Highways, VINCI Concessions’ subsidiary, has finalised the acquisition of 100% of LAMSAC company, concessionaire-holder of Línea Amarilla, a 25 km toll road around the center of Lima, and PEX, LAMSAC’s electronic toll collection operator. The deal is based on an enterprise value of LAMSAC and PEX at PEN 5.5billion (around EUR 1.5 billion) as of 31 December 2015.
LAMSAC holds a concession contract with the Municipality of Lima to build, operate and maintain the Línea Amarilla until November 2049.
In 2016, traffic on LAMSAC averaged 139,300 vehicles/day. It will further increase following the completion of a new section between the existing toll road and Callao harbour. With an average annual growth rate of more than 6% over the past 10 years, Peru offers a strong growth potential.
This acquisition is a major milestone in VINCI Group’s strategy of development in Latin America.
About VINCI Highways
Active in 13 countries, VINCI Highways, subsidiary of VINCI Concessions, finances, builds and operates roads and highways infrastructures worldwide. In association with local partners, it manages a network of 26 concessions with more than 1,800 km of highways and crossings and nearly 1,300 km of urban roads. In 2015, VINCI Highways recorded a combined revenue of 611 million euros.
VINCI is a global player in concessions and contracting, employing close to 195,000 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.