VINCI raises its stake in Lusoponte, concession-holder for the two bridges over the Tagus 29 September 2008

Rueil-Malmaison, 29 September 2008 Press release VINCI raises its stake in Lusoponte, concession-holder for the two bridges over the Tagus Macquarie Infrastructure Group has accepted a firm offer from VINCI to raise the latter’s stake in Lusoponte from 30.85% to 37.27%. In so doing, VINCI is exercising its right of pre-emption by proposing to purchase […]

Rueil-Malmaison, 29 September 2008

Press release

VINCI raises its stake in Lusoponte, concession-holder for the two bridges over the Tagus

Macquarie Infrastructure Group has accepted a firm offer from VINCI to raise the latter’s stake in Lusoponte from 30.85% to 37.27%. In so doing, VINCI is exercising its right of pre-emption by proposing to purchase 6.42% of the 30.61% held until now by Macquarie Infrastructure Group. The investment is expected to represent a maximum of €23 million. The balance is expected to be purchased by Mota-Engil Concessoes da Transporte (Mota), thereby giving VINCI and Mota control of the company. This transaction, which is subject to approval by the concession grantor and to non-exercise by the other Lusoponte concession holders of their pre-emption rights, is expected to be closed by the end of the year.

The 12.3-km long Vasco-de-Gama bridge across the Tagus estuary was built by VINCI on the occasion of the World Exposition of 1998 in order to relieve traffic pressure on the 25-April bridge. Lusoponte holds the concession for the two bridges until 2030 and all potential future crossings over the Tagus. Toll-paying traffic exceeded a daily average of 100,000 vehicles in 2007.

This investment confirms VINCI’s interest in large infrastructure projects in Portugal.

VINCI press contact: Estelle Ferron-Hugonnet
Tel: 00 33 1 47 16 32 41
Email: estelle.ferron@vinci.com