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 motorway concession. Upon completion, VINCI Highways will invest approximately €40 million of equity in this transaction.

The expressway was commissioned in 2014 and forms an important 206 km link through Telangana, between the capital Hyderabad (population 11 million) and the north-east of the state.

This acquisition was made in partnership with the Emerging Markets Fund of Global Infrastructure Partners (GIP), with VINCI Highways and GIP owning 51% and 49% of the shares of the concession company respectively.

The acquisition is expected to close by the end of 2024, subject to regulatory approval.

This strengthens the strategic partnership first established with GIP when VINCI Airports acquired a majority stake in London Gatwick airport in 2019 and Edinburgh airport in 2024.

In addition, VINCI Highways is already active in India through its subsidiary ViaPlus, which specialises in electronic toll systems. ViaPlus employs almost 400 people in Hyderabad.

About VINCI
VINCI is a global player in concessions, energy and construction, with more than 280,000 employees in over 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for everyone. Because we believe in all-round performance, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the common interest, we believe that reaching out to all our stakeholders and engaging in dialogue with them is essential in conducting our business. VINCI’s purpose is to create long-term value for its customers, shareholders, employees and partners, and for society as a whole. www.vinci.com

This press release is an official information document of the VINCI Group.

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