VINCI signs agreement to acquire majority stake in highway concession in India

Nanterre, September 9, 2024

VINCI signs agreement to acquire majority stake in highway concession in India

• Acquisition of 51% stake in the concession company for the SH1 expressway near Hyderabad
• Concession for the remaining 16 years for the operation of 206 km of highway
• The acquisition is expected to be completed by the end of 2024

VINCI Highways, a subsidiary of VINCI Concessions, signed an agreement to acquire a 51% stake in the company “HKR Roadways Limited”, which has a contract ending in 2041 with the Telangana State Government for the SH1 highway concession. Upon closing, VINCI Highways will invest approximately €40 million of equity in this transaction.